The IRS is limiting which vehicles qualify for the Biden administration's electric vehicle tax credit. John Milikowsky, founder of Milikowsky Tax Law joined CBS news to discuss the changes, and discusses the IRS's annual list of scams that tax-
2022 can claim the original EV tax credit—without restrictions on vehicle MSRP, buyer income, and manufacturing requirements—even if they don’t take delivery of the vehicle until 2023 or later,” said Rivian’s emails to customers.
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A tax settlement will not affect your credit. The IRS cannot share your personal identifying information, so credit bureaus will not detect your payment plans. However, filing a Notice of Federal Tax Lien may affect your ability to obtain credit. Keeping track of your credit using FreshBooks is...
billionInflation Reduction Act (IRA) in Augustchanging the availability of EV and plug-in hybrid (PHEV) incentives, there’s been a lot of confusion regarding which models classify as SUVs and which ones don’t, as this affects whether they qualify for up to$7,500 in federa...