Mic Ty· Registered
2023 EV 2LT
And whereas some tax credits are refundable, this one is not and does not rollover either. So unless you have 7500 tax due (after withholding tax etc), you won’t receive the full benefit of the tax credit. Some ideas: convert 401k to Roth IRA.AFAIK, yes, except it's a tax credit, not a rebate. You'll have to claim it when you file your 2024 taxes next year.