angelman
Member
Sorry if this has been answered in this thread already (I coulnd't really figure out how to search for this question). How is the tax credit eligibility calculated? I file the tax form next year for this tax year and they make a decision on the credit amount based on my purchase date, is that correct? ie. I don't have to worry about rushing to fill in some paperwork before a deadline to avoid missing out. I took delivery last weekend. Also, and again this is probably a dumb question. The tax credit will lower my tax paid by $7500, right? ie. if the total tax I am due to pay is $10k for the year (wishful thinking) then I would end up only paying $3500 (or get a check for $7500 if I had already paid the 10k in withholding) Does this sound correct?