No. You can still get the full amount of the tax credit if you transfer your tax credit to the dealer. Historically, many tax credits haven’t been accessible to lower-wealth individuals and households because lower earnings mean lower tax liability. Because the EV tax credits are transferable, the EV buyer no longer needs to have tax liability to access the credit.
By: Lindsey Perkins
|
Published: 02.28.2024
Do I need to have tax liability to receive the upfront tax credit?
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