If you’re retired, and you have a traditional IRA or 401k you can withdraw a large enough amount that puts you in a tax situation so that you would owe at least $7500, and you would then be able to take advantage of the EV credit.
I have enough tax liability and meet the income guidelines to claim the full federal tax credit.
I was replying to a posting about deductions not credits. The post was about 6% sales tax being deductible. I file with standard deduction because I don’t have enough deductions for it to make sense to itemize.
It drives me crazy when friends don’t understand how a tax credit works and how deductions work. I can’t count the number if times I’ve been told that they don’t owe enough at the end of the year to take advantage of a tax credit. Then I explain last year when I bought a Leaf, a qualifying EV, I got a refund of $6,800 instead of owing $700. They still don’t either believe it or get it.