Tag: Form 8936

  • CLEAN CAR CREDIT: Up to $4,000 Tax Credit for Used Electric Vehicles

    CLEAN CAR CREDIT: Up to $4,000 Tax Credit for Used Electric Vehicles

    Americans who have purchased qualifying used electric cars may be eligible to receive a tax credit known as the Clean Car Credit, offering up to $4,000 in benefits. This tax credit, introduced as of January 1, 2023, aims to incentivize the adoption of environmentally friendly vehicles while providing financial relief to eligible buyers. Eligibility Criteria…