Not your average tax and accounting firm.
2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used electric vehicles have ever qualified for a tax credit. While the credit is less than the credit for purchasing a new electric vehicle, what a …
Wow! You Can Now Get A Tax Credit For Buying A Used Electric VehicleRead More
Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has added some new stringent qualifications as to which vehicles qualify. For the first time Congress has limited who qualifies for the credit by barring the credit to higher income taxpayers. But first a little background. Prior to …
Planning On Buying a New Electric Vehicle for the Tax Credit? Read This First!Read More
