Tax Credit For Electric Vehicles – Including Certain Golf Carts!

You may be eligible for a 10% tax credit (max. $2,500) for new 2-, 3- or 4-wheeled plug-in electric vehicles. The vehicle must be for use on public roads and highways. So a tricked up golf cart should qualify. You can generally rely on a manufacturer’s certification that a specific vehicle qualifies. See IRS Form 8834 for more details.

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About Kate Willeford, Dental CPA & Advisor

Dental CPA & Advisor serving accounting, tax, management, transition and financial planning needs of dentists since 1975.
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