IRS Electric-Car Tax Credits: Reporting Discrepancies Remain

As U.S. taxpayers start to grapple with their income-tax filings, due April 15, tens of thousands of taxpayers will benefit from a Federal income-tax credit of $2,500 to $7,500 offered to buyers of plug-in electric cars. Enacted in 2009, it was intended to spur the early sales of such cars whose prices remain higher than those of their gasoline… …read more