The IRS has added two Kia models to the list of vehicles eligible for an electric vehicle tax credit. The tax code provides a federal credit of up to $7,500 to purchasers of qualifying plug-in electric drive motor vehicles including passenger vehicles and light trucks. The credit phases out over 6 quarters beginning when a manufacturer has sold at least 200,000 qualifying vehicles for use in the U.S. (determined on a cumulative basis for sales after Dec. 31, 2009). The IRS added the following models to the list of eligible vehicles: 2021 Kia NIRO EV (the credit for this model is $7,500); 2021 Kia Niro Plug-in Hybrid (the credit amount is $4,543). For more details: https://bit.ly/37KtYla Call or visit our website for more information! www.mjscpa.com/
