Quote:
Originally Posted by redpoint5
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.
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Good tricks. If only I had parents or an IRA then I'd be set.
But yes, I don't think the liability part of the tax credit will have changed, although some think it will.