Can A Tesla Pay Off Your Federal Tax Debt?
President Biden and his party appear to have reached an agreement on a big social spending plan after months of discussions and brainstorming. In addition, the White House's Build Back Better framework includes a $5,000 increase in the electric vehicle tax credit, for a total of $12,500. There's An EV Tax Credit Increase? As of Oct. 28, the answer appears to be yes. President Biden's Build Back Better plan includes a $12,500 electric vehicle tax credit, up from the $7,500 now