Great Question
I feel like the Electric Vehicle and other credits within the Inflation Reduction Act are extremely beneficial. Also normal inflation allowances for 2023.
For the EV Tax Credit it is extended to December 31, 2022 and can be up to $7500.00 Credit. For more information on this credit please see https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
Home energy credit includes:
- Exterior doors, windows, skylights and insulation materials
- Central air conditioners, water heaters, furnaces, boilers and heat pumps
- Biomass stoves and boilers
- Home energy audits
For 2023 through 2032 30% up to 1200.00 with no lifetime limit.
In addition solar, fuel cells and battery storage is 30% not annual maximum or lifetime limit.
https://www.irs.gov/credits-deductions/home-energy-tax-credits
You can find the Inflation Adjustments that effect tax rates, standard deduction and other areas at the following link:
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023
I hope it helps, please let us know if you have any additional questions.
Enjoy your day!!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
