$7,500 EV Tax Credit Will Vanish in Weeks, but a New IRS Rule Eases the Deadline
The article discusses the impending expiration of the $7,500 tax credit for electric vehicle (EV) purchases, which is set to end in the coming weeks. However, the article also highlights a new IRS rule that eases the deadline for claiming this credit. According to the article, consumers can still take advantage of the $7,500 tax credit if they take delivery of their new EV before the end of the year. Additionally, the article mentions that buyers of used electric cars or trucks can receive up to $4,000 in tax credits if they act before September 30th. The article emphasizes the importance of these tax incentives in promoting the adoption of electric vehicles and encouraging consumers to make the switch from traditional gas-powered cars to more environmentally-friendly alternatives.
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