IS A BONANZA OF ELECTRIC VEHICLE GIFTS ON THE HORIZON?

Jay Soled () and James Alm ()
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Jay Soled: Rutgers Business School

No 2301, Working Papers from Tulane University, Department of Economics

Abstract: The Inflation Reduction Act of 2022 has the potential to encourage taxpayers to make automobile-related gifts. However, the genesis of such gift-giving likely will not be due to genuine generosity, but rather will be part of a strategy designed to achieve significant income tax savings.

Keywords: Inflation Reduction Act of 2022; Internal Revenue Service; electric vehicles; gift tax; tax compliance (search for similar items in EconPapers)
JEL-codes: H0 H2 H26 (search for similar items in EconPapers)
Date: 2023-04
New Economics Papers: this item is included in nep-ene, nep-pbe, nep-pub and nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:tul:wpaper:2301

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