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Dozens presumed dead after New Year's bar fire at Swiss ski resort The Washington PostDozens presumed dead in New Year catastrophe in Swiss ski resort CNNDozens killed, 100 injured in fire at Swiss ski resort bar, police say ReutersFire at Swiss Alpine resort bar during New Year's celebration leaves dozens feared dead, 100 injured AP News
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‘The Night Manager' Season 2: Evoking John le Carré The New York TimesThe Night Manager review: The globe-trotting thriller's long-awaited second series is 'irresistible' BBCThe Night Manager TV review — hit spy thriller makes a confident return after a decade Financial TimesTom Hiddleston - and his impeccable wardrobe - returns for The Night Manager season two The TelegraphNew Year's Day TV: Tom Hiddleston's huge return in The Night Manager The Guardian
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'Several' people killed by fire in Swiss ski resort bar, police say BBCDozens presumed dead in New Year catastrophe in Swiss ski resort CNNLe Constellation bar fire in Switzerland: what we know so far The GuardianFire at Swiss Ski Resort Kills Dozens The Wall Street Journal'Several' dozen killed in
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Several killed in explosion at Swiss ski resort town: Police Al JazeeraFire at new year's party in Swiss ski resort kills several people: Live updates CNNSeveral dozen dead after explosion hits Swiss ski resort bar DWSwitzerland resort fire latest
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Zohran Mamdani Is Sworn In as Mayor of New York City The New York TimesWhat does Zohran Mamdani's ascent to mayor of New York mean for the Democratic party NPRHow to watch Zohran Mamdani's inauguration on NY1 Spectrum News NY1President Trump Speaks at Mar-a-Lago New Year's Eve Party C-SPAN‘You'll See the Ri
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China's Xi says ‘reunification' with Taiwan ‘unstoppable' Al JazeeraXi Jinping vows to reunify China and Taiwan in New Year's Eve speech The GuardianXi Touts China's AI, Chip Wins In Triumphant New Year's Speech Bloomberg.comXi Jinping hails China's rising ‘national power' Financial Times
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President Biden signed the Inflation Reduction Act into law on August 16. The massive climate, energy, tax, and healthcare package contains numerous clean energy incentives including tax credits for the purchase of new and used electric vehicles. But you may not have heard that the new law also revives the tax credit for electric vehicle charging stations and equipment that had expired in 2021. There are some changes to the prior charging station tax credit that you will want to be aware of, so that you can potentially use the tax break for your own EV charger.
What is the Tax Write Off for EV Chargers?
The federal tax credit for electric vehicle chargers originally expired on December 31, 2021. However, the Inflation Reduction Act's Alternative Fuel Refueling Property tax credit extends the EV charger tax incentive ten years—through December 31, 2032.
SEE MORE EV Tax Credits Are Changing: What's Ahead
So, what does that mean for you? Essentially, if you install an EV charging station at home, the tax credit under the Inflation Reduction Act is 30% of the cost of hardware and installation, up to $1,000. Also, beginning in 2023, the tax credit for business and home installations, will apply to other EV charging equipment like bidirectional (i.e., two-way) chargers.
Businesses that that install new EV chargers or EV charging equipment can also benefit from a tax incentive of up to 30% of the total cost of equipment and installation. But they will have to meet certain labor and construction requirements to be eligible to claim the full incentive.
Before the Inflation Reduction Act, the limit on the amount of the EV charger tax credit for businesses was $30,000 (which still applies to projects completed before the end of 2022). However, under the new law, if you complete the business installa
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