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Self employed
Great question. The first thing I recommend if you "pay enough" in taxes to see if you benefit. I would check your 1040 and specifically look for line that reads "TAX" (on the 2022 form it will be line 16 on Form 1040) you can look at prior years especially if your income hasn't shifted much.
Next, I would look at the IRS website to see which car would give you the most benefit. Remember it is a credit not a refund and it can only reduce your taxes if you owe in that year. I hope this makes sense 🙂
https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
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‎August 30, 2023
9:30 AM