You are correct

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Feb 1, 2023
4:04:12pm

JamieTartt All-American

You are correct

Report problem with this ad

JamieTartt

Previous username: Taccoug
Bio page: JamieTartt
Joined: Aug 14, 2016
Last login: May 31, 2023
Total posts: 5,673 (4 FO)

Report problem with this ad

Messages

Author

Time

If you want the $7500 tax break for a PHEV purchase, do you have to withhold

ldssdl

Feb 1, 2:02pm

No. But you do have to have the tax liability.

byubyu

Feb 1, 2:03pm

Yeah i was thinking about this. Might be worth it to remove any deductions

Heath Squashwell

Feb 1, 2:04pm

I don't believe changing deductions makes any difference.

Seabag

Feb 1, 3:25pm

I guess I'm unclear on what non-refundable means

Heath Squashwell

Feb 1, 3:29pm

That's the same questions I had.

Seabag

Feb 1, 3:44pm

You are correct

JamieTartt

Feb 1, 4:04pm

Say I qualify for a child tax credit and actually got money back this year...

Feb 4, 8:23am

You need to look at you tax liability. Not what you might have gotten back.

byubyu

Feb 4, 8:31am

<< Deleted >>

Feb 1, 2:05pm

You claim the purchase on your tax return and it reduces your taxes $7,500

JamieTartt

Feb 1, 4:00pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad