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That's what I used when I got frustrated with TurboTax last month. Never using TurboTax again.
I don't think they they will open up the VEHICLE rebate since Tesla has sold so many cars. Yes, I would love it if they did, but I don't see it happening.If they DID extend it, I wonder if they'd ever allow it to be applied retroactively. Just like how the tax credit for installing EV charging equipment ended in 2017. But it was jut extended again and is also retroactive all the way back to 2017 (so I can get the credit on the Tesla charger I installed in 2018).
Accepted by IRS on 20 feb. filed w TurboTax. Itemized.
refund was supposed to be deposited today.
IRS website does not even list an estimated date.
“Your tax return is still being processed.
A refund date will be provided when available.’”
Like everything involving our fed govt now, it’s messed up and dysfunctional. Trump has destroyed this country.
I’ll check that out.TurboTax sucks. FreetaxUSA, I'll never go back.
Just filed today and Turbo Tax is still screwed up on this issue
They let you override the default of the full $7500 which is what I did; but on the actual form that is filed which you can view but not edit it shows $1875 with 100% as the amount for the phase out which is just wrong
Just filed today and Turbo Tax is still screwed up on this issue
They let you override the default of the full $7500 which is what I did; but on the actual form that is filed which you can view but not edit it shows $1875 with 100% as the amount for the phase out which is just wrong
not sure if my return will get rejected or amount reduced; I owe so they will tell me I am sure
also certain some will stick with the Turbo Tax default of $7500 and either get lucky or get in trouble
months later it is ridiculous they have not made the form easy
I'll assume you have the latest update since TT is pretty annoying about making sure.
It has been a while, but with the last update, it fixed thing so that you start with the $7500 full amount and then just follow the step-by-step and you end up with the $1875 final amount. They fixed it so it should work properly without having to make any manual intervention.
keep us posted. Now they have till 7/15 to fix..
Related matter IRS will use either 2018 or 19 returns for the stimulus check. 18 if you haven't filed 19(for those who have huge difference in income)
Not sure if true but also read that the amount is really a tax credit for 2020 paid in advance ; so is possible if I don't get anything now and meet the requirements based on 2020 amounts that I will get the stimulus next year. If that is true then people making much more in 2020 than they did in 2018 will be in for an unpleasant surprise next year as they will owe some or all of it back.