Maximize your 45W Tax Credit for organizational purchase of qualified clean vehicles, including electric, hydrogen and plug-in hybrids.
The 45W Commercial Clean Vehicle Property tax credit is provided under the Inflation Reduction Act (IRA) that incentivizes organizations purchasing qualified commercial clean vehicles, including electric, hydrogen, and plug-in hybrid electric vehicles. Credit amount depends on several factors, such as the vehicle’s weight, propulsion system, and the incremental cost compared to a similar internal combustion engine vehicle. Credit amounts can be claimed up to $7,500 for vehicles up to 14,000 lbs in gross vehicle weight (GVW) or up to $40,000 for vehicles over 14,000 GVW. Giraffe Financial provides a full-service solution for taking advantage of the 45W tax credit. Giraffe simplifies the process while ensuring eligible tax credits are maximized and taken advantage of. Giraffe will confirm your vehicle eligibility, gather proper documentation and ensure compliance – then guide you through options to monetize your credits to best fit your business or organizational needs.
