Jump to content

Tesla Model Y


allbakara

Recommended Posts

Heads-up for who ever buying:

The 7500 tax credit is non refundable. 

The tax credit is not refundable, which means you must have federal tax due to take advantage of it. If your tax due is less than the credit amount, you can only claim the credit up to the amount of your tax due. You cannot use excess amounts of the credit on future- or previous-year tax returns

Let's say when you file tax returns next year,  if you are getting money back from IRS, then you won't get those 7500. So make sure that you owe to IRS minimum of 7500 by adjusting your  w4 with employer. 

 

 

 

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...