Quote:
Originally Posted by Isaac Zachary
I don't know. I just noticed on the Chevrolet website for the Equinox EV that it says "Estimated MSRP Starting Around: $30,000† on 1LT". The note on the $30,000 only explains what an MSRP is.
I hope that the federal tax credit is available to all as a direct credit to the seller. Add to that any Colorado tax credit and I may want to buy one too.
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From what I understand, the credit is just like the old one where you have to have $7,500 in tax liability for the year you make the purchase.
The 2 tricks I know for those who don't have that tax liability is to have your parents buy it (if they have enough tax liability) and simply reimburse them.
The other trick is to convert an IRA into a Roth, increasing your tax liability for that year.