Great question re EV credits, and great to ask them ahead of time. There are a lot of factors to consider and one of them is your income.
Some other qualifications:
- Used car must be plug-in electric or fuel cell with at least 7 kilowatt hours of battery capacity.
- Only qualifies for the first transfer of a vehicle.
- Purchase price of car must be $25,000 or less.
- Car model must be at least two years old.
- Vehicle must weigh less than 14,000 pounds.
- Credit can only be claimed once every three years.
I’m including references to two easy to read articles that will talk through the various items to consider.
https://www.nerdwallet.com/article/taxes/ev-tax-credit-electric-vehicle-tax-credit
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/electric-car-tax-...
Best,
teri
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