ST Alpha - "The credit has nothing to do with withholding. -- nm" (Reading a Post)

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In response to "I always thought that I would get it in my tax refund the following year (which was why my window to buy an EV was always november ish)." by amanda jeans

The credit has nothing to do with withholding. -- nm

Posted by znufrii Apr 12 '21, 11:31

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Responses:

Yeah, this is the mistake I was making on B2. - TWuG Apr 12, 11:35
"If you owe less you don't get the extra in cash." ?? -- nm - amanda jeans Apr 12, 11:32 5
- Imprecise language. Non-refundable credits are limited by your total tax liability for the year, not by how much you might owe when you file. -- (edited) - znufrii Apr 12, 11:34 4
  - why not just say that? what I owe is completely different from my liability. so clarifying -- (edited) - amanda jeans Apr 12, 11:36 3
    - Yes. -- nm - pmb Apr 12, 12:36
    - Also note that the credit covers a time period. It doesn't instantly drop in half on the 200,000th (example) sale. It - TWuG Apr 12, 11:46
    - Yes, that sounds right. -- nm - znufrii Apr 12, 11:38

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