New Rules for EV Tax Credits under the IRA

Vasquez + Company LLP News Brief

Authored by Regina Prince

You've probably heard that the newly enacted Inflation Reduction Act of 2022 (IRA) includes a package of measures to fight climate change, including tax incentives for both consumers and businesses. Among other things, the law extends and revises a tax credit for buying a "clean vehicle" through 2032. This was previously referred to as the electric vehicle (EV) credit. The credit is worth exploring if you're in the market for a new car or expect to be in the future.

Read the full news brief here.