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Save up to $4,000 with EV Tax Credits & Rebates

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  • Federal Tax Credit for Retail non-cash$4,000

    Beginning January 1, 2023 under the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Used Clean Vehicle Tax Credit equal to 30% of the sale price up to a maximum credit of $4,000 for the purchase of a used plug-in electric or hydrogen fuel cell vehicle.

    For the vehicle to qualify:

    • Price cannot exceed $25,000.
    • Need to verify the Vehicle Identification Number (VIN).
    • Must be at least two model years older than the current calendar year in which the vehicle was purchased.
    • Must be sold through a dealership, private sales not permitted.
    • Not have already been transferred after August 16, 2022, to a qualified buyer.

    For individuals to qualify:

    • Must meet income eligibility, depending on modified adjusted gross income (AGI) and tax filing status.
    • Must not be the first owner of the qualifying vehicle.
    • Has not been allowed a credit under this section for any sale during the 3-year period ending on the date of the sale of such vehicle.
    • Purchased for personal use, not a business, corporation or for resale.

    To learn more, visit

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