Tag: Tax Credit Changes 2024
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Dealers Gain Exemption from IRS Buyer Income Verification for $7,500 EV Tax Credit
According to IRS changes, buyers of certain electric vehicle (EV) models can now claim the $3,750 or $7,500 tax credit at the time of sale. Buyers previously had to wait until tax filing to receive the credit, which reduced their tax payment by up to $7,500. Under the new method, the discount is added to…