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Electric Vehicles Tax Credit (Section 30D) – Changes in the Inflation Reduction Act 1 Credit 1 Credit

Jul 26, 2024, 09:30 AM ET

Electric Vehicles Tax Credit (Section 30D) – Changes in the Inflation Reduction Act 1 Credit 1 Credit

  • Rating

    4.6

  • Published on

    December, 1969

  • Subject Area

    Taxes

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Jul 26, 2024, 09:30 AM ET

Learning Objectives

  • To review the foundational principles of Section 30D tax credits, including their historical context, maximum credit amounts, and eligibility criteria.
  • To explain the significant changes introduced by the Inflation Reduction Act, such as the elimination of manufacturer-based phaseouts, altered credit calculations, and the requirement for final vehicle assembly in "North America."
  • To navigate the complexities of the tax credit application process, including the forms involved (e.g., Form 8936), certification reliance on manufacturers, and potential implications for businesses and individuals.
  • To explore related energy incentives beyond Section 30D, including extensions and modifications to credits such as the Nonbusiness Energy Property Credit, Residential Renewable Energy Tax Credit, and others, with a focus on their respective implications and eligibility criteria.

Course Overview

As the world races towards a more sustainable future, the road to environmentally friendly transportation is being paved with incentives and opportunities. 

In this CPE Webinar, we embark on an electrifying journey through the intricate web of tax credits and energy incentives, with a spotlight on the Electric Vehicles Tax Credit (Section 30D). Electric vehicles have charged onto the scene, and governments are offering a boost to early adopters and eco-conscious consumers. The Section 30D tax credit, introduced in 2008, has seen its fair share of changes over the years. However, the recent Inflation Reduction Act has ignited a surge of new modifications that could supercharge your understanding of electric vehicle incentives.

The credit calculation is now based on two components: $3,750 for meeting "critical minerals" requirements and $3,750 for meeting "battery component" requirements, both to be handled by the manufacturer. Additionally, the act introduces a requirement for final vehicle assembly in North America, which may pose challenges for qualifying vehicles.

This webinar also touches on other energy-related tax credits, such as the Nonbusiness Energy Property Credit, the Residential Renewable Energy Tax Credit, and the Renewable Energy Product Tax Credit, which have been extended and modified.

Key Topics Covered in this course:

  • Section 30D
  • General Rules
  • Changes in the IRA
  • MAGI Limit
  • IRS Guidance
  • Nonbusiness Energy Property Credit IRC 25C
  • Clean Electricity  Investment Credit
  • Others

Join this CE Tax Webinar it will charge you with valuable insights into the evolving landscape of electric vehicle incentives.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01388) 1 CE Approved
Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Taxes for Chartered Life Underwriter (CLU) 1 CE Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01388) 1 CE Approved
Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01740-23-O) 1 CE Approved
Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Taxes for Chartered Life Underwriter (CLU) 1 CE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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About Instructor

Top Tax Speaker | Jason Dinesen

Jason Dinesen , EA

President, Dinesen Tax & Accounting, P.C.

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

Jason Dinesen (LPA, EA) is an entrepreneur, tax expert, and CPE Presenter. Dinesen brings over 15 years of experience helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries. Dinesen is a regular CPE Presenter at MYCPE ONE. He has coached more than 200k+ accounting, taxes, and HR professionals on various topics of accounting, individual taxation, corporate taxation, and professional ethics. Jason has developed a strong following within the professional community for tax-related subjects. Dinesen is known for sharp tax interpretations, and he quickly brings his analysis of the latest tax updates and IRS guidance to the professional community.

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What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (70%)

Very Good (25%)

Average (4%)

Poor

Terrible

RM

Ray Magnuson, EA

5

The seminar is very good. It covers the topic in great detail and gives us attendees useful information. I think it's time to update the seminar. Much of it sounded like it was written for TY 2022 but now is TY 2023. The material is good for those doing 2022 amendments. But I think the flow of the material would be improved if the constant comments about TY 22 could be removed or modified.

ES

Edith Smith, CPA (US)

5

My experience was great. The speaker will very clear and very informed about the subject. I learned things that I did not know about the Electric Vehicles Tax Credit. Edith E Smith, CPA

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