How Do the Electric Vehicle Tax Credits Work?
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FEBRUARY 23, 2023
The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! The US Department of Energy has issued these steps for claiming the CVC, which may be up to $7,500 on your personal or business taxes: Fill out Form 8936 , the Qualified Plug-in Electric Drive Motor Vehicle Credit.
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