You are in free guest mode.
Timed Practice
Revision List
Attempt History
Progress Tracking
Create a free account to unlock these tools
Practice Reading: Fill in the Blanks (Dropdown)
ID: #49352
Tax Credits
* Select the correct answer into all dropdown fields. You need to answer all questions before clicking verify button.
As the new year begins, a of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. That’s because limitations on new tax credits in August as part of the Inflation Reduction Act won’t be put into force all at once, the Treasury Department announced this week. That means the rules will, temporarily, be more generous, allowing higher tax credits on more electric vehicles, for the first few months of the new year. Essentially, the tax rules are designed to automakers to make their electric vehicles and all the parts of those vehicles, as much as possible, in the United States, or in countries with which the US has trade agreements. They’re also designed so tax credits don’t go to wealthy Americans buying expensive luxury vehicles. The latest announcement, which will temporarily open up tax credit money, is likely mostly a good thing for consumers.
Result:
With a free account:
Retry and compare every attempt.
How difficult was this question?
Others found:
100% Easy · 0% Medium · 0% Hard
Saving...