Quote:
Originally Posted by Isaac Zachary
Interesting comparison to the lease loophole. I had no idea that the lease loophole existed.
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Which is disappointing as it has been around since 2009. However, I doubt you are alone with as many people I see saying only rich people get tax credits buying EVs.
Quote:
Originally Posted by Isaac Zachary
What I can say is such loopholes don't make any sense. I'd like to ask the IRS, why is it that I can use the full tax credit at the point-of-sale but if I wait then there's a chance I may not get it?
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The difference is WHO takes the credit - a business or the individual buying the car. However, it would be FAR easier and less confusing if the incentive was just a point of sale rebate. (Which is how Oregon does ours)