All new and used vehicle purchases are charged a sales tax. The vehicle sales tax is a tax imposed by city and state governments on the purchase of the car. The rate can vary from state to state and ...

The clean vehicle tax credit—often called the electric vehicle or EV tax credit—has recently been turbocharged. As with all tax credits, you can subtract the amount of your credit directly from the ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. I see electric vehicles (EVs) as at the forefront of sustainable energy solutions and toward ...

Federal EV tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance company can take a $7,500 tax credit for ...

Dearly beloved, we are gathered here today to celebrate the life of the electric vehicle tax credit. Signed into law by former President Joe Biden in 2022 as part of the Inflation Reduction Act, for ...

Buying a car is undeniably expensive. After finalizing your deal, you’ll need to include the costs of tax, title and registration fees. Naturally, you may wonder, is vehicle sales tax deductible? In ...