every conversation with my husband is like the one y'all having above. We're both talking, no one listening...lolOh my god... smashes face into keyboard
Its a tax credit! You don't have to owe anything for tax credits to apply as long as you paid enough in taxes that year, which depending on your withholding means you'll likely get a refund like usual. This is no different than any income tax credit. There is nothing special or unique about this.every conversation with my husband is like the one y'all having above. We're both talking, no one listening...lol
But seriously, is it a rebate or a tax credit?
This has to be how domestic violence incidents start.How does the electric car tax credit work?
The federal electric car tax credit is an incentive to encourage Americans to buy hybrid and electric vehicles by lowering the up-front costs of buying one. This program started in 2009, when the Internal Revenue Service Code Section 30D started offering a credit for “Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks.” Based on battery capacity, you could receive a tax credit of up to $7,500.1
Today, the electric car tax credit provides a dollar-for-dollar reduction to your income tax bill.2 That means that a $7,500 tax credit would save you $7,500 in taxes. This could show up as part of your refund or as a reduction of the amount of taxes you would otherwise pay. Your tax professional can help you understand the difference.
The supply shortages are turning out to be far more pervasive than initially projected. The most recent market projections I've seen are that recovery will likely take till some point in 2023. Though if things do recover in 2022 you certainly won't hear me complaining.Who, What!! At the end of the day who needs a car that badly they are willing to pay MSRP or more? Are all consumers panic buying cars right now? even with a shortage customers still, drive market price... where is the demand? or is it just all a dealer-driven hype bubble?
I told the salesmen that I'll see him when the bubble bursts which I strongly believe will be by the summer of `22.