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Tax and financial planning news from around the web: September 12 – 16, 2022

Written on Sep 13, 2022

Which vehicles qualify for new $7,500 electric vehicle tax credit? 
Those looking to purchase an electric vehicle could be eligible for a $7,500 tax credit from the federal government, but because of language in the recently signed Inflation Reduction Act, only certain vehicles qualify 

Tax Court says when deathbed gifts are complete 
A new Tax Court case addresses the question: when are “deathbed gifts” considered to be complete for estate and gift tax purposes?