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Joshua purchased a qualified plug-in electric motor vehicle on June 2, 2022. He qualifies for the Qualified Plug-in Electric Drive Motor Vehicle Credit. Joshua may
Joshua purchased a qualified plug-in electric motor vehicle on June 2, 2022. He qualifies for the Qualified Plug-in Electric Drive Motor Vehicle Credit. Joshua may qualify for a credit of what amount? 10% of the purchase price of the vehicle. $8,000 per qualifying vehicle. The credit ranges from $2,500 to $7,500, depending on battery capacity and other factors. The credit ranges from $2,500 to $7,500, depending on the purchase price of the vehicle
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