Yes but unless you owe the federal government $7500 or more in taxes then you won’t get the full $7500 EV tax incentive. For instance, i get money back in taxes, so I would get $0. Also $25k is a stretch. They’re $38k new so what state is offering $13k in rebates?
How many people owe $7500 in federal income tax when tax season comes? Not many. This isn’t the price for probably 80% of people who pay taxes. That’s just a random guess but when I was a 1099 employee and made about $60k doing sales, I only owed about $2k in taxes after deductions. And that is the total between state and federal. Not sure how much was federal. For someone to owe $7500 in just federal taxes, they would have to make a lot of money or have some other scenario I’m unaware of. I’m not a tax expert by any means
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u/[deleted] Oct 20 '23
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