Retire-On-Purpose-With-Purpose

Retire On Purpose, With Purpose

 
When it comes to managing your retirement, a small mistake can cause a major loss of capital. That is why it's important to speak with a financial advisor who is familiar with your Company's benefits. Schedule a call today..  
 
 
Schedule A Call

New Clean Vehicle Tax Credit Guidance Issued

May 22, 2023 2:57:07 PM
written by The Retirement Group

Starting in 2023, a personal or general business tax credit of up to $7,500 is available for the purchase of new clean vehicles meeting certain requirements (including electric, plug-in hybrid, and fuel cell vehicles). A credit of $3,750 is available if a critical minerals requirement is met, and a credit of $3,750 is available if a battery components requirement is met. (For vehicles placed in service from January 1, 2023, through April 17, 2023, the credit allowed generally varied from $3,750 to $7,500 depending on the battery capacity of the vehicle, rather than on these two requirements.) Fuel cell vehicles that have final assembly within North America can qualify for the credit without regard to these two requirements.

Read More

posted in Financial Planning, 2023, Energy, Tax Credit

Content not found

Check the background of this investment professional on FINRA BrokerCheck

TRG Retirement Guide

Subscribe for Email Updates

Lists by Topic

see all

Posts by Topic

See more

Recent Posts

Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.