{"id":2821,"date":"2024-02-12T14:59:01","date_gmt":"2024-02-12T14:59:01","guid":{"rendered":"https:\/\/nammatech.com\/?p=2821"},"modified":"2024-02-12T14:59:01","modified_gmt":"2024-02-12T14:59:01","slug":"ev-tax-credit-income-limit","status":"publish","type":"post","link":"https:\/\/nammatech.com\/ev-tax-credit-income-limit\/","title":{"rendered":"EV Tax Credit 2024 Income Limit For New & Used Electric Vehicles"},"content":{"rendered":"\n
Are you thinking about buying an electric car in 2024? Well, there’s some great news and a bit of a caveat. The good news is that accessing a federal tax credit for electric vehicles is becoming easier this year.<\/p>\n\n\n\n
However, only a few new EV vehicles will qualify for the full $7,500 discount. Let’s delve deeper into what this means for you and how you can navigate through the process.<\/p>\n\n\n\n Now, when you buy an electric vehicle (EV), you don’t have to wait until tax time to get a discount. Instead, you can get money off right away when you buy the car. This means that when you’re at the dealership, you can either get the discount as cash or have it taken off the price of the car right then and there.<\/p>\n\n\n\n Here’s the deal: Once the dealership confirms that your purchase qualifies for the discount, they’ll give you the money upfront.<\/p>\n\n\n\n For instance, if you’re eligible for a $7,500 credit, the dealer will credit you for that amount as though you paid it in cash.<\/p>\n\n\n\n After that, the dealer sends paperwork to the IRS, and then the IRS gives the dealer back the $7,500. In essence, the tax credit is processed through the dealership.<\/p>\n\n\n\nWhat’s New for 2024: Instant Rebate<\/strong><\/h2>\n\n\n\n