Monthly Archives: February 2023

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Tax Filing and Payment Deadlines Extended to October 16, 2023 for Disaster-area Taxpayers

IRS, TaxBy Alexey February 25, 2023

The IRS announced a new deadline for disaster-area taxpayers in California and parts of Alabama and Georgia. According to publication IR-2023-33 from February 24, the deadline is postponed to October 16, 2023. “The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) in these three states. There are four…

Clean Vehicle Tax Credit in 2023

IRS, TaxBy Alexey February 20, 2023

The IRS has published new guidance on credits for clean vehicles purchases. Those purchasing new EV or FCV (plug-in electric vehicle and fuel cell vehicle respectively), may qualify for a clean vehicle tax credit. According to the IRS publication, ‘The Inflation Reduction Act of 2022’ amends previous rules to claim this credit for qualified vehicles…