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Vehicles That Qualify for Federal Tax Credit

by | Aug 19, 2021 | Tax Strategy

The IRS adds more vehicles to its list of those eligible for a federal tax credit. The tax code provides a credit (of up to $7,500) to purchasers of qualified plug-in electric-drive passenger vehicles and light trucks. Here are the new eligible vehicles, along with their credit amounts: The 2022 Audi e-tron Sportback, Audi e-tron, Audi A7 TFSI e Quattro, and Audi Q5 TFSI e Quattro ($7,500); the 2022 BMW 330e, BMW 330e xDrive, BMW 530e, BMW 530e xDrive, BMW 740e xDrive ($5,836); and the 2022 Lincoln Aviator Grand Touring ($6,534). For a list of all qualifying vehicles: https://bit.ly/2T5zL0p

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