March 2023
Wow! You Can Now Get a Tax Credit For Buying a Used Electric Vehicle
Submitted by Desmond Wealth Management, Inc. on March 4th, 2023
2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used electric vehicles have qualified for a tax credit, and although considerably less than the credit for purchasing a new electric vehicle, it does provide an incentive for lower-income taxpayers to acquire an electric vehicle.