Talk of The Villages Florida - View Single Post - How likely are you to purchase an Electric Vehicle?
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Old 08-08-2022, 06:13 PM
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Default tax credit is money in your pocket

Quote:
Originally Posted by Tvflguy View Post
With all the news re Electric vehicles, how likely are YOU to purchase one? If not, why not?

For me, our 5 year old gas vehicle is perfectly fine for many many years. And at our tax rate cannot use any Tax Credit to lower price. But if our situation changed I would consider.
A credit will get you money back from the government if your taxes are lower than the credit value. Are you thinking tax "deduction". That requires you pay that much in taxes, not a credit.
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