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Deductions & credits
If my spouse and I both buy an electric vehicle in 2023, and both vehicles are eligible for the $7500 federal tax credit, can our household claim a total of $15,000 credit? YES ... however this is a non refundable credit and can only negate your federal income tax on the return ... it will not negate other taxes like SE.
‎October 27, 2022
7:12 AM
693 Views