Latest Breaking News On - Nonrefundable tax credit - Page 1 : comparemela.com

Pricing for new electric vehicles can be daunting for many shoppers. There’s also a further incentive to purchase a used EV that costs less than $25,000 thanks to an available federal tax credit of up to $4,000. To qualify for the federal tax credit, the EV you’re interested in must meet these criteria: 1) It must be purchased from a licensed dealership; 2) the sale price must be $25,000 or less; and 3) it must be at least two model years old from the current year.

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