Praetorianphoto | E+ | Getty ImagesThe $7,500 tax credit for new electric vehicles will be easier for many consumers to claim in 2024, but it may be more difficult for others.
These opposing dynamics are due to federal policies taking effect at the same time.
Under the new mechanism, consumers would essentially "transfer" their federal tax credit to the car dealer.
watch nowFurther, consumers would be eligible for the tax break regardless of their tax burden, which isn't the case now.
Why claiming a $7,500 EV tax credit may be tougherThere are some caveats
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Ingrid Malmgren
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