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Posts: 150
In response to
"
OK Tax Slackers, dumb it down for me. Tell me why I'm not getting a tax credit for my EV.
"
by
Mop
Did you have any liability after your child credits? -- nm
Posted by
spamlet
Feb 18 '22, 18:36
(No message)
Responses:
except child tax credits are refundable in most cases this year, no? -- nm
-
znufrii
Feb 18, 18:56
2
Yes but it would come before the vehicle credits I think but I haven't looked at them specifically since I didn't buy the Tesla. -- nm*
-
spamlet
Feb 18, 19:07
1
only any non-refundable portion would, just looking at Forms 1040 and 8834. But, I think I figured out the problem above, stupid Form 6251. -- (edited)
-
znufrii
Feb 18, 19:08
I am clearly too dumb for this. Tell me the box and I'll tell you the number. -- nm
-
Mop
Feb 18, 18:40
9
24 -- nm
-
znufrii
Feb 18, 18:55
37 i think -- nm
-
tRuMaN
Feb 18, 18:44
7
Blank, as it should be. I never owe. I always get a refund. -- nm
-
Mop
Feb 18, 18:45
6
so no credit then. its not refundable, meaning you get it no matter what, so no credit to you -- nm*
-
tRuMaN
Feb 18, 18:45
5
Ah, as I suspected all along: I needed to owe taxes to the gov't in order to cash in on the EV refund.
-
Mop
Feb 18, 18:47
4
Yes but not how you're thinking.
-
spamlet
Feb 18, 18:51
2
Alas, I'm disappointed but not surprised. I wasn't banking on it working out. -- nm
-
Mop
Feb 18, 18:55
1
I'm more shattered to realize that the money Biden was sending me for my kid was just an advance on the tax credit. -- nm
-
Mop
Feb 18, 18:57
yes. you could have changed withholdings etc to get it i guess -- nm
-
tRuMaN
Feb 18, 18:49
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