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Tag: credit

Qualified Plug-in Electric Drive Motor Vehicle Credit

You can report your plug-in electric motor vehicle to receive a credit by the IRS. Previously, this credit was only applied to passenger vehicles and light trucks and vehicles purchased after December 31, 2009. The good news is that this credit for qualified two-wheeled plug-in electric vehicles is now able to cover vehicles acquired in […]

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Lifetime Learning Credit

The Lifetime Learning Credit is one of two tax credits, along with the American Opportunity Credit, that help offset the costs of higher education. The Lifetime Learning Credit can reduce your tax burden, but it is not a refundable credit; which means that it cannot give you any money back in the form of a […]

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