Californians can use all the tax help they can get right now, especially as there are many lesser-known rebates that taxpayers could qualify for if only they were informed about them. Many taxpayers in San Diego and throughout the state of California may qualify for an electric car tax rebate, for example, which can save them a hefty sum this April. This is one of the reasons why it pays to work with a San Diego tax attorney. These professionals can help you discover all the tax rebates and deductions that are available to you and apply them properly without risking an audit or other repercussions as a result of careless mistakes.
California Rewards Taxpayers for Purchasing Electric Cars
Caring for the environment and reducing our dependence on fossil fuels are both important issues right now, and lawmakers in California have been instrumental in making progress toward a more sustainable and environmentally friendly future. The rebate for owning a Ford Focus Electric vehicle is one example of California's concern over these issues. The rebate gives Californians who have purchased this vehicle the chance to save as much as $2,500 on their taxes. This is the sort of generous tax rebate that can really make a difference in an individual's or family's budget. And as an added bonus, anyone driving one of these vehicles is also eligible to ride in the carpool lane throughout the state of California, even when they're driving solo.
Why It's Important to Get Professional Help With Taxes
There are many reasons why it's important to have tax professionals on your side who are knowledgeable about the latest industry developments, starting with rebates. With a tax attorney on your team, you can rest assured that you won't miss out on any rebates or deductions that are available to you. Many people don't realize these rebates even exist, and if they do, they may not know how to take full advantage of them. In California, it's possible to combine the $2,500 Ford Focus Electric rebate with a $7,500 federal tax credit for electric cars, but if you didn't know about both programs, you'd probably just pay the $39,200 asking price. The $2,500 rebate in California also applies to the Nissan Leaf, and there's a $1,500 rebate for the Chevrolet Volt.
It's important to note that taxpayers with electric cars may not qualify for federal tax credits, but electric car buyers in California get the full rebate, regardless.
For more information on additional tax rebates that are available, or for assistance with your tax returns or tax questions, please give us a call at 866-631-3470 to schedule an initial, complimentary consultation with one of our tax professionals.