[JerryP]

We bought our '22 EUV last September when we found it at a dealer figuring we'd grab it while we could since no one knew for sure what would happen with the tax credits. And even if we missed out on the credits, we'd still have a great car with exactly the specs we wanted. (By Sunday afternoon, it'll have over 11,000 miles on it.)

When we got our tax return figured out yesterday, it turned out that we had nothing to worry about. Even without the tax break, our total tax liability came to $0 for 2022. Well, technically, it was $51, but we got that back out of our solar panel credit rolled over from 2021. So, the tax break would have done nothing for us since we got back all our withholding anyway.

I honestly didn't expect that low of a tax bill this time, but it sure shows that the tax credit doesn't help everybody.

 

[PhilipD]

I will be in a similar situation next year. I bought the Bolt this year but I don't expect to use all of the $7500. I am going to take my money out of my IRA and use the credit to cover the taxes on that and whatever other amount I might have. I do expect to receive a refund on my tax withholdings for this year.

 

[jefro]

I seem to always miss the times for every free money.

Jerry, you need to pay more than $51.

 

[JerryP]

Jerry, you need to pay more than $51.

Oh, I've paid plenty over the years. I don't feel one bit guilty for finally catching a break.

 

[Robaroni]

Here's an irony:
I'm selling Tesla stocks this year and taking the Bot tax break to cover it!

 

[XJ12]

Here's an irony:
I'm selling Tesla stocks this year and taking the Bolt tax break to cover it!

I sold Tesla and GM stocks in 2021 and bought an ID.4 to help cover some of the taxes as both American companies Tesla and GM lost their tax credit. But wasn't enough and just HAD to add solar to make up the rest. It was that or pay a penalty.