President Joe Biden signed the Inflation Reduction Act into law on Aug. 16.
Its unclear how effective the new law will be in actually tamping down record-high inflation.
Here are four ways theInflation Reduction Actcould impact your familys finances.
Want to see if you qualify for anelectric vehicle tax credit? Here’s everything you need to know.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
Heres a roundup of appliance and equipment rebates.
You could get up to:
You may notice heat pumps show up a lot.
Did you know?
And that may be a while.
If youre interested in a rebate, your best bet is to stay tuned for updates from your state.
However, those provisions wont take full effect for a few years.
However, the credits put limits on the price of qualifying vehicles.
Meanwhile, the price cap for used EVs is $25,000.
There are also income restrictions.
You cant qualify for a new EV car tax credit if your adjusted gross income is above $150,000.
The income cap for used cars is $75,000.
Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder.
It sounds appealing right?
Check it out here!
