INFLATION REDUCTION ACT

EV TAX CREDIT? TAKE IT AND RUN! IF YOU CAN…

Batteries Inflation Reduction Act Tax Credit

Posted on August 21, 2022 by Dana Sinno

The Biden Administration signed changes for new EV Tax Credits in order to encourage North American production. So, under the new Inflation Reduction Act, qualifications for this new $7,500 Clean Vehicle Credit contain very important stipulations. Coming in the next months and years expect changes such as: * Personal Income Cap: $150,000 for a single...