Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars

Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars

The Build Back Bet The Build Back Better Act includes a new electric vehicle tax credit of up to $12,500 for drivers who buy an American-made electric car, which can make these vehicles more affordable for middle-class families who have been priced out of the EV market.

The House of Representatives passed Build Back Better with a party-line vote on Nov. 19. However, the $1.75 trillion spending plan now hinges on Senate approval.

Click here to read the entire article.

SCHEDULE MY FREE CALL

With Tax Hive’s years of experience in tax and business services, we use our expertise to make your life easier so you can focus on building your business. Ever changing rules require a team who knows you, your business and the tax implications. Our tax professionals meet your needs while helping you manage tax risk, control costs and reap maximum benefit. If you’re ready to get started, CLICK HERE to schedule a FREE strategy session with one of our specialists today.

Schedule your FREE 15 minute call now!