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Electric-Car Charging-Station Tax Credit Expires On Dec 31st

Consider this your last warning: If you’re planning on getting a charging station for a plug-in electric car, you only have 30 days.

More specifically, at least, you’ll have to get it up and running by December 31 this year in order to take advantage of a Federal income-tax credit of 30 percent of the cost of purchase and installation.

The credit covers 30 percent of the cost of purchase and installation, up to a maximum of $1,000, for installing an electric-car changing station in a private home.

(You’ll want to use Form 8911 when you file your taxes early next year.)

The tax credit was renewed for this year only as part of a package of legislation that ended the fiscal-cliff debacle on January 1 this year.

More http://www.greencarreports.com/news/1088784_electric-car-charging-station-tax-credit-expires-on-dec-31st

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