▲ | floxy a day ago | |||||||
Even finer print: the $7,500 federal incentive is a tax rebate. If you don't have a $7,500 tax liability, you won't get the full amount. (this also applies if you transfer the credit to the dealer at point of sale). I mean, money is fungible and all, but your particular tax dollars aren't going to people who buy EVs, they are just paying less in taxes. | ||||||||
▲ | PopAlongKid 20 hours ago | parent | next [-] | |||||||
>this also applies if you transfer the credit to the dealer at point of sale No, it does not. See Q4 at the following link: https://www.irs.gov/newsroom/topic-h-frequently-asked-questi... | ||||||||
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▲ | morepedantic 12 hours ago | parent | prev [-] | |||||||
>money is fungible And then you contradicted yourself 2 phrases over. |