There’s a $7,500 tax credit for some car buyers: Here’s what vehicles qualify

  • by:
  • Source:
  • 02/07/2023

Buyers who purchase certain types of electric vehicles could be in line for a hefty tax credit, according to the Internal Revenue Service.

The new tax credit provides up to $7,500 for qualified plug-in or fuel cell vehicles. The important word there is “qualified” and there are several requirements’ buyers have to meet to claim their credit.

To qualify, you have to purchase the vehicles for your own use and not resale and it has to be primarily used in the U.S. There are also limits on the amount of adjusted growth income you can earn: $300,000 for married couples filing jointly; $225,000 for heads of households; and $150,000 for all other filers.

black and silver car on parking lot by Michael Fousert is licensed under Unsplash

Help FAIRtax Become The Number One Issue in 2023

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.

Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!