When leasing an electric vehicle (EV), there are no income limits that apply to the lessee (the person leasing the vehicle) for the purpose of qualifying for the federal EV tax credit. This is because the tax credit goes to the lessor (typically the automaker’s finance division), not the lessee. Therefore, your income as a lessee does not affect your eligibility to benefit from the tax credit indirectly through reduced lease prices if the dealer chooses to pass on the savings.
However, if you were purchasing the EV, there are income limits to qualify for the tax credit: for example, up to $300,000 for married couples filing jointly and $150,000 for single filers. But these limits do not apply when leasing, as the credit belongs to the leasing company, not the individual leasing the vehicle.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-income-limits-for-lessees-to-qualify-for-the-ev-tax-credit/
