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Deductions & credits
Using the taxpayer income example listed above of $47,000, If this taxpayer had $10,000 withheld but only owed $6,000 ($4k overpayment), what would the final return be when you factor in the Electric Vehicle Tax Credit? Is it correct to assume that you would receive the $7,500 + $4,000? Or would it be calculated as $6,000 + $4,000? Thanks in advance for any insight and clarification.
‎June 7, 2019
3:51 PM