Low-income California residents will be eligible for a $1,000 tax credit for not owning a car.

image credit: Google.com created by Team Khichdiworld

In California, those who avoid driving will not only save money on gas,

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but they may also see a reduction in their tax bill.

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Individuals earning up to $40,000 per year in California

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would be eligible for a $1,000 refundable tax credit ---

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if they do not own a vehicle.

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For joint filers, the threshold would be raised to $60,000.

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The recent decision by California to prohibit the sale of new gasoline-powered vehicles beginning in 2035.

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In addition to incentivizing Californians to ditch their cars, ---

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the bill is intended to help lower-income people,

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many of whom are struggling with inflation.

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thanks for reading

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