Electric vehicles are gaining in popularity – and for a good reason. Not only are they environmentally friendly, but they also have tax benefits. In fact, there is an electric vehicle credit available if you purchase a qualifying electric vehicle (EV) in 2024. There’s a good reason to pa...
If you purchased a qualifying vehicle and are looking to claim the Qualified Plug-In Electric Motor Vehicle Credit or Clean Vehicle Credit, you’ll use Form 8936 with your tax return.