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Tax Credit for Electric Vehicle Chargers Is Back

Started by Epoch-Times-Bot, Oct 13, 2022, 10:11 AM

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Epoch-Times-Bot

Oct 13, 2022, 10:11 AM
Tax Credit for Electric Vehicle Chargers Is Back

By Kelley R. Taylor
From Kiplinger’s Personal Finance
Question: Is there any tax break for installing an electric vehicle charging station at my home?
Answer: Yes. The Inflation Reduction Act, signed into law in August, revived a tax credit for Electric Vehicle (EV) charging stations and EV charging equipment that had expired at the end of 2021. However, there are some changes to the old charging station tax credit that you will want to be aware of, so that you can potentially use the tax break for your own EV charger.
The new Alternative Fuel Refueling Property tax credit extends the EV charger tax incentive ten years—through Dec. 31, 2032....

Source: Tax Credit for Electric Vehicle Chargers Is Back

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