What is car allowance rebate?

"What is the amount of the credit?

The amount of the credit is $3,500 or $4,500, and generally depends on the type of vehicle you purchase and the difference in fuel economy between the purchased vehicle and the trade-in vehicle. Different requirements apply for work trucks.

"Is the credit subject to being taxed as income to the consumers that participate in the program?

The CARS Act expressly provides that the credit is not income for the consumer.

see details at Gov website

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