National Tax Solutions LLC

Last Chance to File Your 2023 or Earlier Federal & State Returns

As you know I have helped you in the past with your taxes.

Most of my clients have already filed and received their 2023 refunds, however several haven’t, and a few new clients have asked me to help them with previous year returns.

The IRS lets you go back and file up to the last three years for a refund.

I Know These Are Trying Times for Everyone Right Now with The Ever-Increasing Cost of Living.

I’m Here to Help You Get Your Refund Back as Quickly as Possible for Some Relief.

You Can Send Your Documents To: [email protected]

Or Send Your Documents to This Link: Https://Taxestogo.com/App/Download/95750

Feel Free to Call or Text Me If You Have Any Questions.

Looking Forward to Hearing from You Soon!

Richard Tauman
Licensed IRS Tax Preparer
Electronic Return Originator
National Tax Solutions LLC
Office Phone 954-866-1960
www.Nationaltaxsolutions.net

National Tax Solutions, YOUR online tax professional solutions provider.

National Tax Solutions is not your typical tax office!!!

We prepare taxes for individuals and businesses across the nation over the phone using our secure platform, all while protecting your information.

Our tax preparers have years of experience, and they will take all the tax stress off of your shoulders.

Our goal is to minimize the work and worry of our clients and maximize their tax refunds.

Get expert tax filing help, anywhere from the couch to the coffee shop.

Enjoy the confidence of knowing your taxes are in the hands of an expert. Just share your documents and your tax expert will take it from there, keeping you in the loop at every step.

The amount of respect and professional service we provide for our clients is what keeps them coming back year after year.

With this endless restructuring of the tax laws, professional advice and tax planning strategies are critical. Our thorough knowledge of the new tax laws ensures that these laws always work to the client’s advantage.

Contact Information:
National Tax Solutions LLC
11 Plaza Real South, Suite 309
Boca Raton, FL 33432
Phone 954-866-1960

Credits for new clean vehicles purchased in 2023 or after.

Who qualifies.

You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV). The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.

The credit is available to individuals and their businesses.

To qualify, you must:

• Buy it for your own use, not for resale.
• Use it primarily in the U.S.

In addition, your modified adjusted gross income (AGI) may not exceed:

• $300,000 for married couples filing jointly.
• $225,000 for heads of households
• $150,000 for all other filers

You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit.

The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.

Credit amount

The amount of the credit depends on when you placed the vehicle in service (took delivery), regardless of purchase date.

For vehicles placed in service January 1 to April 17, 2023:

• $2,500 base amount
• Plus $417 for a vehicle with at least 7 kilowatt hours of battery capacity
• Plus $417 for each kilowatt hour of battery capacity beyond 5 kilowatt hours
• Up to $7,500 total

In general, the minimum credit will be $3,751 ($2,500 + 3 times $417), the credit amount for a vehicle with the minimum 7-kilowatt hours of battery capacity.

For vehicles placed in service April 18, 2023, and after:

Vehicles will have to meet all the same criteria listed above, plus meet new critical mineral and battery component requirements for a credit up to:

• $3,750 if the vehicle meets the critical minerals requirement only.
• $3,750 if the vehicle meets the battery components requirement only.
• $7,500 if the vehicle meets both.

A vehicle that doesn't meet either requirement will not be eligible for credit.

Qualified vehicles

To qualify, a vehicle must:

• Have a battery capacity of at least 7 kilowatt hours.
• Have a gross vehicle weight rating of less than 14,000 pounds.
• Be made by a qualified manufacturer.
• Undergo final assembly in North America
• Meet critical mineral and battery component requirements (as of April 18, 2023).

The sale qualifies only if:

• You buy the vehicle new.
• The seller reports required information to you at the time of sale and to the IRS.

In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:

• $80,000 for vans, sport utility vehicles and pickup trucks
• $55,000 for other vehicles

MSRP is the retail price of the automobile suggested by the manufacturer, including manufacturer installed options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay.

You can find your vehicle's weight, battery capacity, final assembly location (listed as “final assembly point”) and VIN on the vehicle's window sticker.