Federal Tax

More Vehicles Eligible for Federal Tax Credit

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). Click here for a list of all qualifying vehicles. Contact Cg with questions. © 2021