I’m Buying a New Tesla Thanks to the Tax Credits on Electric Cars

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Our experts answer readers’ tax questions and write unbiased product reviews (here’s how we assess tax products). In some cases, we receive a commission from our partners; however, our opinions are our own.

  • When you buy a new car, its value depreciates immediately, so I’ve always preferred buying used.
  • I decided to buy a Tesla this year, and I’m buying one new thanks to the tax credits on electric cars.
  • I’ll get $7,500 as a federal tax credit and…

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