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Why is this form not available as of yet? I want my money .
I'm guessing the percentage of individuals purchasing a Tesla with zero total tax liability is pretty small...you do realize that the credit is a non-refundable credit right, meaning that you won't get cash out of the IRS for that nor any credit if your tax liability is zero or under?
He wants his loan to the IRS returnedyou do realize that the credit is a non-refundable credit right, meaning that you won't get cash out of the IRS for that nor any credit if your tax liability is zero or under?
The 2019 8911 form (charger install credit) isn't available yet either.
I'm guessing the percentage of individuals purchasing a Tesla with zero total tax liability is pretty small...
I’m waiting on the 2018 version of form 8911:
https://www.irs.gov/pub/irs-pdf/f8911.pdf
Don’t expect any of these forms to be available for another 2 weeks at least.
According to the IRS website, the form is "supposed" to be available tomorrow.
Federal Individual Forms Availability
I'm guessing the percentage of individuals purchasing a Tesla with zero total tax liability is pretty small...
What loan?
If you normally get a refund from the IRS it means you're giving the government an interest-free loan all year.
Which is dumb to do but millions and millions of people do it anyway.
Ideal way to set up your taxes is that you owe the max amount that doesn't incur a stiff penalty each year- that way the government gave you an interest-free loan all year.
(even better you can usually use that "owed" amount to knock out one or more credit card card signup bonuses)
Actually, it says the form will be available on 2/5/2020.
If you normally get a refund from the IRS it means you're giving the government an interest-free loan all year.
Which is dumb to do but millions and millions of people do it anyway.
Ideal way to set up your taxes is that you owe the max amount that doesn't incur a stiff penalty each year- that way the government gave you an interest-free loan all year.
(even better you can usually use that "owed" amount to knock out one or more credit card card signup bonuses)
Have you found a way to pay the IRS with a credit card and not be charged exorbitant fees?
I don't really consider 1.87% "exorbitant" so I guess yes?
Pay Your Taxes by Debit or Credit Card | Internal Revenue Service
A typical credit card signup bonus can net you $750-$1000 in value pretty easily (often more in some cases) for a spend of 3-5k... 1.87% of 5k is $93.50
Paying $93.50 for $1000 in value is kinda the opposite of exorbitant to me.