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Charge Up Your Savings: Home Improvement and EV Tax Credit Overview
Episode 5619th March 2024 • Dollar Wise Podcast • HFM Investment Advisors, LLC
00:00:00 00:12:58

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Home improvements, purchasing electric vehicles, and installing a qualified vehicle refueling and recharging apparatus at your home could entitle you to a tax credit. Jason reviews the different types of credits, their requirements, and the importance of consulting a tax advisor to optimize these opportunities to integrate them into your financial plan.

Tune into this episode to also learn:

  • Specifics of energy-efficient home improvement credits for installations like doors, windows, and HVAC systems.
  • Details of the residential clean energy credit for adding renewable energy sources to your home.
  • Insights into tax credits for purchasing new and used clean vehicles, including EVs and hybrids.
  • Understanding the alternative fuel refueling property tax credit for installing EV charging stations.

What we discussed

  • [00:00:24] Introduction to clean energy tax credits
  • [00:01:39] Home energy improvements and applicable tax credits
  • [00:03:15] Residential clean energy credits for renewable energy installations
  • [00:05:07] Tax credits for purchasing new and used clean vehicles
  • [00:09:26] Credits for installing vehicle refueling and recharging stations

3 Things To Remember

  1. Clean energy tax credits offer financial incentives for eco-friendly home improvements and vehicle purchases.
  2. Understanding the specifics of these credits is crucial for maximizing benefits.
  3. Consultation with a tax advisor is essential for integrating these credits into your financial strategy.


Useful Links

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

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