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Cars and Transportation
Reply to "Would you buy a car today to get the tax credit?"
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[quote=Anonymous]A lot of the companies appear to be doing "binding contracts" where you're only on the hook for $100 or $500. Consult a tax attorney on whether that counts for the IRS's purposes, but if you're pretty sure you like the car, risking $100 to get $7,500 back isn't a horrible bet. The question I have is what year's AGI they'll use to calculate the income limits. If we bought next year using 2022 AGI, we'd be eligible; by the 2024 tax season, our 2023 AGI would put us above the limit. (Do I actually need a tax subsidy to buy a car in a household that makes just under $300,000 now and will make over that next year? Probably not, but that's what the law is about to be.) Anyone have a guess?[/quote]
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