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Purk and Associates
St. Louis CPAs and Business Advisors
Purk and Associates
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Category Archives: Dealerships

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The power of the tax credit for buying an electric vehicle

Dealerships, TaxesBy Purk & Assocaites, P.C.February 8, 2021

Although electric vehicles are a small percentage of the cars on the road today, they’re increasing in popularity. And if you buy one, you may be eligible for a federal tax break. The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger cars and light trucks. The credit…

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