The IRS has announced a $7,500 tax credit benefit for those who meet the following criteria:

  1. Those who purchased a new, qualified plug-in EV or fuel cell electric vehicle (FCV) in 2023 or after sorely for their own use (not for resale) and for the purpose of using it primarily in the U.S.
  2. Whose modified adjusted gross income (AGI) does not exceed the following:
  3. $300,000 for married couples filing jointly
  4. $225,000 for heads of households
  5. $150,000 for all other filers

Keep in mind that this $7500 tax credit is a non-refundable tax credit and not a cash benefit.  

For detailed information about this tax credit opportunity, please visit the following IRS website:

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