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Old 02-05-2019, 12:25 AM   #159 (permalink)
Snax
Master EcoModder
 
Join Date: Dec 2008
Location: Eugene, OR, USA
Posts: 375

Lord Vader - '15 BMW i3 REx
90 day: 35.06 mpg (US)
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Quote:
Originally Posted by JSH View Post
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.
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2015 BMW i3 REx
2011 Ford Flex SEL AWD
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