ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 180: The EV Tax Credit Workarounds You Need to Know

Just as electric vehicles are relatively new, so is the tax code that was designed for them. Like anything in its infancy, there will inevitably be confusion, loopholes, and many updates to come.

On today’s episode, we’ll get into how ER docs in the market for an EV can still take advantage of free rebates even if tax policy has attempted to disqualify them based on income limitations.

Topics Discussed:   

  • The new rules for purchasing EVs in 2024.
  • The good and bad about income thresholds.
  • Important restrictions to keep in mind.
  • The tax code section you should look at when it comes to your business purchasing an EV.
  • Key workarounds that may or may not work when purchasing an EV.
  • Liabilities and costs associated with a business EV.

Resources Mentioned:

Tags

EV taxcredits, EVs, EV credit, tax credits, tax credit restrictions, ER doc finances, financial planning, financial planner, emergency medicine, ER docs, emergency doctors