Quote:
Originally Posted by PorscheGAL
That article overcomplicates things for most buyers:
For the most part, if you are buying, the $7500 comes off the purchase price at the time of purchase.
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I'm not disputing you, I don't know all that much about these rebates. When I bought my Volt in 2017 I got a credit
when I filed my taxes in April 2018.
If you bought a car in, say January 2024, how would the dealership know that when you filed your taxes in April 2025 your 2024 tax liability was going to equal or exceed $7500?
Quote:
Originally Posted by PorscheGAL
There are people who may not easily qualify for the immediate rebate like self employed with income variations. In that case, they may need to file it with their taxes.
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That may be why I had to take the credit when I filed. Financial institutions (and the IRS) have always found me to be unreliable.
