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Honestly it s insane to hand out 7500 for anything more expensive than the Model Y LR AWD that s truly subsidizing luxury purchases If the idea is to make EVs affordable the MSRP limits should actually be lower to entice automakers to get real about it A car that costs 70k after the tax credit is still far out of reach for most people
The all important complex EV tax credit Discussion The U S EV tax credit on new vehicles is an absolutely mammoth incentive that comes with significant strings attached Its huge its complex and its a total gamechanger If you want to understand where EVs in the US are going you gotta understand how this credit works
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3 Of The WORST Changes To The NEW EV Tax Credit YouTube
3 Of The WORST Changes To The NEW EV Tax Credit YouTube
Hi all Could anyone explain the EV tax credit vs income tax I understand that the new EV tax credit is a non refundable credit so I m kind of confused on whether if the income tax is a form of tax can be reduced since its pay on the go rather than paying tax at end of the year
Got federal EV tax credit refund including interest 2 days ago towards R1S purchase I amended my 2022 tax last year in November Nov 2023 and got the refund now after almost 5 months after amendment I physically picked up the car on 1st week of November 2023 and amended the 2022 year tax the same week
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Updated EV Tax Credit FAQ Answered
Updated EV Tax Credit FAQ Answered
Hi all I am in process of filing my taxes and I got a message that I don t qualify for the EV Fed Tax Credit Can someone explain I was hoping to get a refund for that this year Could it be that you have no tax liability Or that your income is too high
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The Electric Car Tax Credit What You Need To Know OsVehicle
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https://www.reddit.com/r/electricvehicles/comments/...
The all important complex EV tax credit Discussion The U S EV tax credit on new vehicles is an absolutely mammoth incentive that comes with significant strings attached Its huge its complex and its a total gamechanger If you want to understand where EVs in the US are going you gotta understand how this credit works
https://www.reddit.com/r/personalfinance/comments/...
If we buy the EV and get the credit our tax liability would then drop by 7 500 down to 17 500 with our current withholding that would give us back a 12 500 tax refund Am I correct in my understanding of how this all works
The all important complex EV tax credit Discussion The U S EV tax credit on new vehicles is an absolutely mammoth incentive that comes with significant strings attached Its huge its complex and its a total gamechanger If you want to understand where EVs in the US are going you gotta understand how this credit works
If we buy the EV and get the credit our tax liability would then drop by 7 500 down to 17 500 with our current withholding that would give us back a 12 500 tax refund Am I correct in my understanding of how this all works
Tax Credits Save You More Than Deductions Here Are The Best Ones
How To Claim Your Federal EV Tax Credit Worth Up To 7 500 TurnOnGreen
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