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Is the Clean Vehicle Credit available for used What type of vehicle qualifies for the Clean Vehicle Credit? or plug$-$in hybrid vehicles?

Only for used vehicles with less than $25,000$ miles on the odometer.

Only if the vehicle cost is $$25,000$ or less.

Only if the vehicle cost is $$50,000$ or less.

The Clean Vehicle Credit is not available for used vehicles. On which part of Form $8962$ would the taxpayer's Premium Tax Credit contribution amount be determined?

Part I: Annual and Monthly Contribution Amount.

Part II: Premium Tax Credit Claim and Reconciliation of Advance Payment of Premium Tax Credit.

Part III: Repayment of Excess Advance Payment of the Premium Tax Credit.

Part IV: Shared Policy Allocation. The following taxpayers made improvements to their homes in $2023.$ Which one is eligible for the Residential Clean Energy Credit for $2023?$

Carmen, who installed solar water heating for her home.

Jeffrey, who installed energy$-$efficient exterior windows.

Troy, who converted his home from electric to natural gas.

Walter, who installed an electric heat pump. Which of the following situations impacts eligibility and calculating of the retirement savings contributions credit? The taxpayer:

Took a distribution from an inherited IRA left to him by his mother.

Does not have any tax liability.

Rolled over a $401($k$)$ account to a traditional IRA.

Took a loan from his $401($k$)$ plan and is repaying it through payroll deductions. Eligible taxpayers who make a contribution to a qualified retirement fund may claim the "Saver's Credit." Which of these savings options qualifies for the retirement savings contributions credit?

A mutual fund.

A mutual fund in a Roth IRA.

A nonrestricted savings account.

A rollover contribution. Which of the following prevents a taxpayer from taking the American Opportunity Tax Credit on Form $8863?$

The student is enrolled in a vocational school.

The student is $26$ years old.

The taxpayer's AGI is $$55,000.$

The taxpayer is filing married filing separately. Which of Which of the following is a qualified education expense for the lifetime learning credit?

Health insurance.

Parking pass for a student's vehicle.

Room and board.

Student activity fees. following is a qualified education expense for the American Opportunity Tax Credit?

Course$-$related equipment.

Parking pass for a student's vehicle.

Room and board.

Student health service fee.

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