For the first part of 2023, the Clean Vehicle Credit has a base amount for qualifying EVs and Fuel Cell Vehicles (FCVs), and an additional amount based on the vehicle's battery capacity. Specifically: $2,500 base amount plus $417 for a vehicle with at least 7...
Calculating depreciation generally includes adding the asset's original cost and its costs to acquire and transport it. Then you would subtract the "depreciating" value from the total cost and divide it over the asset's lifetime. You can then take this calculation and deduct it each year. H...