New vehicles have been added to the list of those qualifying for a valuable tax break. The tax code provides a tax credit to purchasers of qualified plug-in electric-drive motor vehicles including passenger vehicles and light trucks. The credit is equal to $2,500, plus an additional amount, based on battery capacity, that can’t exceed $5,000. The IRS has added these models to the list of vehicles that are eligible for the credit: the 2022 BMW 745e xDrive (credit amount of $5,836); the 2022 MINI Cooper SE Countryman ALL4 (credit amount of $5,002); the 2022 MINI Cooper SE Hardtop (credit amount of $7,500); and the 2021 Porsche Taycan EV (credit amount of $7,500). Call or visit our website for more information! www.mjscpa.com/
