Tag: Non-refundable tax credit

Refundable Federal EV tax credit-featured image

Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. But Congress may actually get something right (well mostly) as among the nine key proposed changes to the tax credit contained in the Clean Energy for America Act (CEAA) is changing the current non-refundable credit into one that is refundable.

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Refundable Federal EV tax credit-featured image

Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. But Congress may actually get something right (well mostly) as among the nine key proposed changes to the tax credit contained in the Clean Energy for America Act (CEAA) is changing the current non-refundable credit into one that is refundable.

Read More