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Here’s What The EV Tax Credit For 2022 Means

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Qualifying For EV Tax Credit In 2022 In order to qualify for the tax credit, all of these rules need to be met: The car must be new or have been used for fewer than 2 years, It must be bought for personal use or commercial business use, You should buy it after 12/31/2022, It […]

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These 4 EV Trucks Still Qualify for the New EV Tax Credits

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Five Main Metrics to Consider Your income: The new laws are meant to give tax credits to the people who need them—the lower income groups. With that in mind, there are income caps. A person filing taxes as ‘single’ can have no more than $150,000 modified adjusted gross income (AGI). A couple filing jointly has […]

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The $4,000 Used EV Tax Credit Explained, and How to Get it

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Key Points Used EVs which cost a maximum of $25,000 will be eligible for the credit once it enters into effect on 1 January 2023. The purchase will have to be made from a licensed dealer to qualify for the credit. Only automobiles assembled in North America will be eligible. While most of the buzz […]

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