Category: Tax

Federal Tax Credit Up To $4,000! Pre-owned all-electric, plug-in hybrid, and fuel cell electric vehicles purchased on or after January 1, 2023, may be eligible for a federal income tax credit. The credit equals 30% percent of the sale price up to a maximum credit of $4,000. The credit is nonrefundable when you file your taxes, so you can’t get… Read more

WASHINGTON — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025. Read more

Federal Tax Credit Up To $7,500! All-electric, plug-in hybrid, and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500. The availability of the credit will depend on several factors, including the vehicle’s MSRP, its final assembly location, battery component and/or critical minerals sourcing, and… Read more