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Deductions & credits
There is no longer a tax credit in California for the purchase of all-electric vehicles. Instead, CA residents who qualify are given a rebate of varying sizes (yes, $2,500 is one of them).
Note that the size of the rebate depends on the type of vehicle and your household income; that is, if your household income is too high, then you are disqualified from two of the three possible rebates.
Please see the details and instructions at https://ww3.arb.ca.gov/msprog/lct/cvrp.htm for more information.
‎July 28, 2019
11:47 AM