My insurance declared my Model 3 a total loss (repair costs are too much). I live in Colorado where there is $5000 tax rebate from the state. Will I be eligible to get this rebate next year even though I only owned the car for two months before the loss accident?
Also does the state rebate...
Ive heard mixed messages about what the 7500 credit is. Some say it lowers your federal tax liability by $7500 but you don’t get a refund. Can anyone clarify? For arguments sake let’s say my federal tax liability is $0 will I get back $7500 tax refund from Uncle Sam?
If that’s not indeed the...