this post was submitted on 04 Oct 2023
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Cars - For Car Enthusiasts
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Up to 7500. And it depends on the volume of EVs a manufacturer sells. And its being modified.
Also important to note it's a tax credit based on how much you'd be taxed in the first place. You may not earn enough to be exempt from 7500 in taxes.
And, you could also earn too much to qualify
Yeah, if you make more than 150k you shouldn't get tax credits for luxury/non-essential purchases.