Tax Law and News IRS guidance on commercial clean vehicle credits Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Intuit Accountants Team Modified Feb 28, 2023 1 min read The IRS recently issued Notice 2023-16 that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits. Today’s guidance modifies Notice 2023-01 by changing the vehicle classification standard by which vans, sport utility vehicles, pickup trucks, and other vehicles are defined. In addition, Fact Sheet 2023-4 updates the FAQs related to new, previously owned, and qualified commercial clean vehicles. The FAQs revisions are as follows: Topic A: Eligibility Rules for the New Clean Vehicle Credit: Questions 1 and 8. Topic B: Income and Price Limitations for the New Clean Vehicle Credit: Questions 2, 6, 8, 9, and added new Question 7. Topic C: When the New Requirements Apply to the New Clean Vehicle Credit: Question 7, Topic D: Eligibility Rules for the Previously Owned Clean Vehicle Credit: Question 4, Topic G: Qualified Commercial Clean Vehicles Credit: Question 6. As always, visit the Intuit® Tax Pro Center IRS News page for continuous updates. Previous Post Navigating reasonable comp for niche clients Next Post Modernized e-file: Are you in compliance? Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Tax Law and News Tax changes and trends for 2025 Workflow tools Feature video: Intuit® ProConnect™ Tax check boxes Practice Management Guide to marketing your tax firm Workflow tools SmartVault integrates with ProConnect™ Tax Tax Law and News 2025 tax filing season opens Practice Management On the Books: Get rid of the seams Tax Law and News IRS: Make your clients aware of gift card scams Webinars Tax Resolution, Protection Plus: Feb. 20 Webinars ProConnect™ Tax Training Series Webinars Intuit Tax Advisor: Feb. 25