mjwojtukiewicz
Member
MOST American get refunds which means they overpay their taxSo let's say you owe $10K in Federal taxes based upon your income. You withheld $10K already. If you bought a qualifying Tesla, you would get a $7500 refund. If you did not buy the Tesla, you would not owe any additional taxes, as your withholding matched your liability. Adjust up or down to match your situation.
I have a hard time believing too many folks can afford to buy a new Tesla and have less than $7500 in Federal tax liability.....