Plug in tax savings for electric vehicles
Submitted by Eck, Schafer & Punke, LLP on June 18th, 2019While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing an electric or hybrid vehicle, you may be eligible for a federal income tax credit of up to $7,500.