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Feb 4, 2023
8:31
:36
am
byubyu
Truly Addicted User
You need to look at you tax liability. Not what you might have gotten back.
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byubyu
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byubyu
Joined
Jun 28, 2006
Last login
Nov 28, 2023
Total posts
65,765 (2,892 FO)
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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...
IGlowInTheDark
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 >>
dYrtbYkerYder
Feb 1, 2:05pm
You claim the purchase on your tax return and it reduces your taxes $7,500
JamieTartt
Feb 1, 4:00pm
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