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Car buyers can get their EV tax credits up front at the dealership starting in January | CNN Business (www.cnn.com)
submitted 1 year ago by Wooster@startrek.website to c/evs@lemmy.world
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Not much to add. Other than the IRS PDF is written is legalese…

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[-] Wooster@startrek.website 2 points 1 year ago

Currently, if your taxes are under the rebate, your tax incentive is only as good as your taxes are. So if you owe $3k in taxes, you're only getting a $3K tax incentive, regardless of if it's new ($7.5k) or used ($4k).

I'm seeing the government giving us easier access to that $3K… not granting the full 4k or 7.5k. For simplicity's sake, the full rebate is applied at the dealership, but the difference is still due for that year's taxes.

this post was submitted on 06 Oct 2023
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