[JMintzer]

Originally Posted by retiredguy123

As I understand it, whether or not you itemize has nothing to do with the $7500 EV tax credit. It is a credit deducted directly from your total tax obligation. But, you must have a tax obligation for the year to get the credit. So, as long as you paid at least $7500 in Federal income tax, you will fully benefit from the credit. If your tax obligation is less than $7500, you can only claim the amount of your tax obligation. However, there is a possibility that the car manufacturers will price the vehicles higher because they are aware of the tax credit you will receive.

Ford has just announced an increased in prices of up to $8500... Go figure..