Clark’s Tip to Get Free Channels (12 22 23)

December 22, 2023

The IRS is cutting the EV tax credit from $7,500 to $3,750 for many vehicles starting Jan. 1. Find out why later in this email.

💵 Today’s Top Stories
Clark Howard antenna

Clark loves his digital antenna and gets a ton of channels for free. If reducing your expenses during high inflation is one of your goals this year, this is an easy place to start. Read more.

Piggy bank on cash

Here’s how to calculate your net worth. We also reveal what you can learn about your financial health by calculating it once a year. Read more.

Fitness App

Ready to get fit in the new year without spending a dollar? Team Clark has vetted not one, not two, not three but 15 different options for you. Read more.

Tire

Big-box tire shops attempt to fleece you by adding hidden costs such as tire protection plans. But you can get those same plans for free when you buy tires at Costco. Read more.

💵 IRS To Change EV Tax Credit Rules in January

Supply and demand has started to work in your favor if you’re in the market for an electric vehicle.

Early adopters of EVs already own them. So in many cases, the hockey-stick growth charts are leveling off. At least at the eye-popping price points that we saw for the models dominating the market even three years ago.

Meanwhile, car manufacturers are racing to compete with Tesla. New models (including some more economical ones) are entering the marketplace with many more in the pipeline.

An IRS tax credit of $7,500 for EVs and the vehicle market moderating after the insane COVID-19 price spike are helping perspective buyers.

Speaking of the tax credit, beware of a major change coming Jan. 1. For EVs using batteries from China, buyers will be getting a $3,750 credit in the new year instead of $7,500.

That could mean, for instance, that Tesla Model 3 and Model Y purchases get $3,750 more expensive on Jan. 1. Same for the Ford Mustang Mach-E.

📊 Stat of the Day

💸 30%: Share of auto service and maintenance visits that dealerships claimed in 2023, down 5% from 2021. Cox Automotive concluded that eroding trust in dealerships was the main cause for losing market share. Time and cost were other major factors.

💰️ Deal Alert: Today’s Top Deals
Tech gifts
Target store
🎙️ Podcast

How long should you support adult children? A survey discovered that two-thirds of American parents are providing financial support to adult children. But for many, it’s at the cost of suffering financial hardship. What’s the right age to launch adult children? Share your thoughts in the comments below. Also, Clark has long talked about data breach alerts to help you protect your identity. However, research shows many of us don’t listen unless we’re told by family or friends. Clark has a special request for all of us.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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