[Snax]

Originally Posted by JSH

Taking just the standard deductions:

A single person making $64,500 would pay $7490 in Federal Income tax.
A couple making $89,500 would pay $7,479
A family of 3 making $104,000 would pay $7,479
A family of 4 making $113,000 would pay $7,459

If the family of 4 made $64,500 they would only get $479 from the tax credit.

https://www.hrblock.com/tax-calculator/#/en/te/expense

That sad truth to all of the tax credit hype: Most people can't use it directly if at all. That's the number one reason I didn't even consider a new EV purchase.