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 ...

Tax calculation on motor vehicle sales, state and state-administered local sales and use taxes are calculated on the full purchase price of the motor vehicle. The purchase price includes the full ...

The MV-1 (Motor Vehicle Property Tax Adjustment Credit) is a refundable tax credit that reimburses you for personal property taxes you paid on your vehicle. It’s money the state gives back when you ...

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 ...

Forbes contributors publish independent expert analyses and insights. Mike Sylvester covers tax policy with a focus on small businesses. If you have been planning to buy a clean vehicle, you need to ...

Is vehicle sales tax deductible? Find out how you can lessen your tax burden. Learn who can qualify and how you can claim and calculate your deduction.

Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...