New Guidance on Tax Credits for EV Charging Stations

(from Accounting Today) The Internal Revenue Service and the Treasury Department released guidance last Friday on tax incentives for installing electric vehicle charging stations and other alternative fuel refueling stations under the Inflation Reduction Act and where they can be located. The information can help organizations considering such investments find out whether they're eligible for a tax credit of up to 30% for installing EV charging stations. Notice 2024-20 provides guidance on satisfying the geographical requirements of the Section 30C Alternative Fuel Vehicle Refueling Property Credit and more. 

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