Inflation Reduction Act: Cars Eligible for the $7,500 EV Tax Credit!

How much is the Electric Car Tax Credit?

[{"selector":"#anim-b3d292f7-7d75-46ee-a029-30378144472c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CREDIT GETIMAGE

[{"selector":"#anim-f9b210a7-6197-4317-a8b0-4d0832d0f5e8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] EVs may qualify for up to $7,500 in tax credits – $3,750 if the battery parts are made in North America. EVs may qualify for up to $7,500 in tax credits – $3,750 if the battery parts are made in North America. CREDIT GETIMAGE

When does the new EV tax credit start?

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[{"selector":"#anim-30d9750d-4685-4611-ae4e-38e3b9a9a149 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The new EV tax credit has already rolled out, but the various provisions will be phased in over the next months and years in the coming year. The new EV tax credit has already rolled out, but the various provisions will be phased in over the next months and years in the coming year. CREDIT GETIMAGE

Which Cars Are Eligible for the EV Tax Credit?

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[{"selector":"#anim-e4880617-a364-4691-9d94-88ac8a050373 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] NA-assembled cars qualify for the EV tax credit, but this is to begin in a new way in 2023 based on their cost and the source of their battery components and critical minerals. NA-assembled cars qualify for the EV tax credit, but this is to begin in a new way in 2023 based on their cost and the source of their battery components and critical minerals. CREDIT GETIMAGE

How to claim the $7,500 EV Tax Credit?

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[{"selector":"#anim-6f183c67-00ae-4391-9b93-db87bb31809f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] As of last year, the IRS issues a form for you to fill out and file your tax return. Starting in 2024, the credit can be claimed at the time of purchase. As of last year, the IRS issues a form for you to fill out and file your tax return. Starting in 2024, the credit can be claimed at the time of purchase. CREDIT GETIMAGE

Inflation Reduction Act: Cars Eligible for the $7,500 EV Tax Credit!

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Inflation Reduction Act: Cars Eligible for the $7,500 EV Tax Credit!

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How much is the Electric Car Tax Credit?

How much is the Electric Car Tax Credit?

When does the new EV tax credit start?

When does the new EV tax credit start?

Which Cars Are Eligible for the EV Tax Credit?

Which Cars Are Eligible for the EV Tax Credit?

How to claim the $7,500 EV Tax Credit?

How to claim the $7,500 EV Tax Credit?

Inflation Reduction Act: Cars Eligible for the $7,500 EV Tax Credit!

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