It 241 form 2026

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  1. Click ‘Get Form’ to open the IT-241 form in the editor.
  2. Begin by entering your tax period for fiscal-year filers in the designated fields at the top of the form.
  3. In Part 1, provide your name(s) and identifying number as shown on your return. Then, fill in the purchase date and details about bioheating fuel: gallons eligible for credit, percentage of biodiesel per gallon, and calculate the total in column D.
  4. For Part 2, if applicable, list any partnerships or S corporations you are involved with along with their employer identification numbers.
  5. In Part 3, enter your share of credits from partnerships or S corporations as instructed. Ensure all amounts are accurately calculated.
  6. Complete Part 4 by providing beneficiary information and total shares of clean heating fuel credit.
  7. Finally, compute your total clean heating fuel credit in Part 5 by adding relevant amounts from previous sections.

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To claim this credit, use Form 4136: Credit for Federal Tax Paid on Fuels, and include it with your tax return. Follow these steps: Define your use of the fuel: Ensure it qualifies as nontaxable, such as off-highway business use or farm equipment operations.
Who qualifies. The credit is available to businesses and individuals who qualified refueling or recharging property, including electric vehicle charging equipment, in an eligible location. Eligible tax exempt and government entities can also claim the credit through elective pay.
The person that produced and sold or used a qualified mixture (a mixture of SAF and kerosene) is the only person eligible to make this claim. The credit is based on the gallons of SAF in the qualified mixture.
To qualify for the Alternative Motor Vehicle Credit, the vehicle must be a Qualified Fuel Cell Vehicle. This is a vehicle propelled by power derived from one or more cells that convert chemical energy directly into electricity by combining oxygen with hydrogen fuel, and that meets certain additional requirements.
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