Yeah i was thinking about this. Might be worth it to remove any deductions

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

Feb 1, 2023
2:04:38pm

Heath Squashwell All-American

Yeah i was thinking about this. Might be worth it to remove any deductions

Report problem with this ad

Heath Squashwell

Previous username: Barrio Coug
Bio page: Heath Squashwell
Joined: Dec 31, 2015
Last login: Dec 20, 2024
Total posts: 12,756 (65 FO)

Report problem with this ad

Messages

Author

Time

If you want the $7500 tax break for a PHEV purchase, do you have to withhold

ldssdl

2/1/23 2:02pm

No. But you do have to have the tax liability.

byubyu

2/1/23 2:03pm

Yeah i was thinking about this. Might be worth it to remove any deductions

Heath Squashwell

2/1/23 2:04pm

I don't believe changing deductions makes any difference.

Seabag

2/1/23 3:25pm

I guess I'm unclear on what non-refundable means

Heath Squashwell

2/1/23 3:29pm

That's the same questions I had.

Seabag

2/1/23 3:44pm

You are correct

JamieTartt

2/1/23 4:04pm

Say I qualify for a child tax credit and actually got money back this year...

2/4/23 8:23am

You need to look at you tax liability. Not what you might have gotten back.

byubyu

2/4/23 8:31am

<< Deleted >>

2/1/23 2:05pm

You claim the purchase on your tax return and it reduces your taxes $7,500

JamieTartt

2/1/23 4:00pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad