The Inflation Reduction Act includes a tax break for consumers who buy electric cars. Here's the but.
"If you can harvest some gains or have additional income you can pull into 2022, maybe you consider that," Herron said.
As of Aug. 16, when Biden signed the Inflation Reduction Act, final assembly of the car must occur in North America to qualify for a tax break. The U.S. Department of Energy has aFirst, there are income caps. A tax credit isn't available to single individuals withof $150,000. The cap is higher for others — $225,000 for heads of household and $300,000 for married couples who file a joint tax return.
It's unclear which electric vehicles will meet these standards and qualify for a tax credit next year. There's a chance none may immediately qualify,"There's a lot of uncertainty," said Joel Levin, executive director of Plug In America.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
October tax deadline looms for millions of filers who got extensions. Here's the key date.Kicking the can down the road by requesting a six-month extension for filing your taxes means that plenty of people are looking at an Oct. 17 deadline for filing their federal income tax returns.
Baca lebih lajut »
Electric Vehicle PhobiaElectric Vehicle Phobia from family may be a case of jealousy, fear of change or the imbibing of copious amounts of FUD. Educate patiently.
Baca lebih lajut »
Electric Cars with the Longest Driving Range, RankedThese 2022 model-year battery-electric cars can travel the furthest on a full charge.
Baca lebih lajut »
Up to 4.1 million households still owed $3.7 billion in stimulus payments: Is yours one of them?The information came from an audit of child tax credit payments.
Baca lebih lajut »
Over 9M potentially eligible for unclaimed stimulus payments, tax credits: IRSMany may be eligible to claim some or all of the 2021 Recovery Rebate Credit, the Child Tax Credit, the Earned Income Tax Credit and other tax credits depending on their personal and family situation.
Baca lebih lajut »