Investing in an electric vehicle is a smart choice for many reasons - reduced emissions, lower operating costs, and cutting-edge technology. As a resident of Birmingham, you have an additional incentive to go electric thanks to federal tax credits that can put thousands of dollars back in your pocket. At Land Rover Birmingham, we offer Vestavia Hills drivers a selection of premium electric SUVs from Range Rover that qualify for these valuable tax credits.
Understanding the Federal Electric Vehicle Tax Credit
The federal government offers a tax credit of up to $7,500 for qualifying electric vehicles. The good news? There are several new Range Rover models that qualify for this tax credit. In fact, the Range Rover Plug-in Hybrid and Range Rover Sport Plug-in Hybrid both qualify for the full $7,500 credit.
To claim the electric vehicle tax credit, you'll need to fill out IRS Form 8936 when filing your federal tax return for the year in which you purchased the vehicle. Keep in mind this is a tax credit, not a rebate, so the amount will be deducted from your tax liability at the end of the year. That said, we'll make sure you have all the documentation you need to easily file this tax credit on your income taxes at the end of this year.
Explore Electric Range Rovers at Land Rover Birmingham
Visit Land Rover Birmingham today to experience the full lineup of premium electric Range Rover SUVs. We'll help you handle the paperwork and apply for the proper tax credits so you can take advantage of these savings before they're gone.