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If you buy a qualified used electric vehicle or fuel cell vehicle, you may be eligible for a used clean vehicle tax credit. Visit www.irs.gov/cleanvehicle. #IRS #cleanvehicle | IRS
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You may hear people say there’s a $10,000 deduction for American-made cars — but that’s not how the tax law works. What actually exists is a Clean Vehicle Tax CREDIT of up to $7,500, not a deduction. To qualify: • Vehicle must be finally assembled in North America • Battery sourcing rules must be met • Income and vehicle price limits apply • Not all American brands qualify A credit reduces taxes dollar-for-dollar. A deduction only reduces taxable income. That difference matters. Always check eli
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