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The federal EV tax credit is worth up to $7,500 for qualifying new electric vehicles and $4,000 for qualifying used electric vehicles.
The new tax credit, which lasts until 2032, is intended to make zero-emission vehicles affordable to more people. Here is a closer look at it: What's new for 2023? The credit of up to $7,500 will be offered to people who buy certain new electric vehicles as well as some plug-in ...
This means most Tesla vehicles will not qualify for the credit. To claim the credit, the purchaser's adjusted gross income cannot exceed $150,000 for the year for singles, $225,000 for heads of household, or $300,000 for married filing jointly to prevent wealthier Americans from taking ...
House prices slowed in January, according to the UK's largest building society, as first-time buyers continue to struggle with saving for a deposit. The annual rate of house price rises fell to 4.1% in January, down from 4.7% in December, Nationwide said. ...
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There’s some truth to that notion, at least at the top of the S&P 500. For instance, the so-called Magnificent Seven stocks –Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla – are all considered trillion-dollar stocks due to their massive market cap...
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When an investor sells an asset for more than it cost, the resulting gain can trigger a tax. Use SmartAsset'scapital gains tax calculatorto figure the capital gains tax when you dispose of appreciated assets. Photo credit: ©iStock.com/Liubomyr Vorona, ©iStock.com/damircudic, ©iSto...