Tag Archives: tax credit
The Inflation Reduction Act (IRA) signed into law in August 2022 includes a potential $7,500 tax credit for individuals who purchase new, clean-energy vehicles in 2023 and a $4,000 tax credit for the purchase of used electric, hybrid and hydrogen-cell vehicles. However, according to recently proposed IRS guidance, qualifying for the credit is more challenging […]
On August 16, 2022, President Biden signed into law the Inflation Reduction Act (IRA), which represents the largest investment the country has ever made to fight climate change. Also included in the $430 billion spending-and-tax package are provisions intended to reduce consumers’ healthcare costs, lower the federal deficit and bolster the IRS’s taxpayer support services […]