Thank you for asking. According to IRS, Here are things taxpayers can do to lower AGI, such as:
- Contribute to a Health Savings Account
- Claim educator expenses if they’re a qualifying educator
- Pay student loan interest
- Save for retirement like 401(k), traditional IRA, SEP, SIMPLE and qaulified plans.
Please keep in mind, to qualify for EV credit, the MAGI cannot exceed $300K for married couples filing jointly. Here is the article, "Difference Between AGI and MAGI" for your reference.
I hope the above information helps. Please feel free to contact us if you have any questions.
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