How Do You Get the Honda Prologue Tax Credit?

Driving an impeccably designed all-electric SUV has plenty of benefits, and a bonus advantage is the Honda Prologue tax credit. When you purchase your electric vehicle, you may be eligible for this perk. Here’s how to take advantage of the tax credit when you pick out your next EV at Casey Honda.

Tax Credit Details

Drivers who buy an EV like the Honda Prologue can qualify for up to $7,500 in tax credits. Here are some quick facts about this benefit:

• You must purchase the vehicle for your own use instead of for resale.
• You must purchase the vehicle new instead of pre-owned.
• The vehicle must be used predominantly in the United States.
• Your model must meet a handful of mineral and battery component criteria, which we’ll walk you through when you visit our dealership.

Although there are additional financial requirements including a cap on your household’s adjusted gross income, many drivers are eligible for this offer, which applies to models placed into service starting in 2023.

Steps to Get the Tax Benefit

The first step in getting the Honda Prologue tax credit is to come to our dealership and pick out your favorite electric SUV. After you’ve completed your purchase, you’ll need to fill out and submit the IRS Form 8936 for Clean Vehicle Credits, which you’ll submit along with your tax return. This form requires information about your income, filing status, and investments. Based on the information you provide, the IRS will determine how much of the tax credit you qualify for. You’ll receive the money as part of your annual tax refund.

Learn About the Honda Prologue Tax Credit in Newport News, VA

Our team is the experts in the Honda Prologue tax credit. Come on by our Newport News, VA Honda dealership today. We’ll help you pick out your SUV and give you the info you’ll need to apply for the credit!