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Daily Archives: February 9, 2023

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Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First

Blog, Personal Finance, Tax, Your HomeBy Editorial TeamFebruary 9, 2023

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, and for the first time Congress has limited who qualifies for the credit by barring the credit to higher income taxpayers.

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