Me and my wife recently purchased an all electric vehicle which qualifies for $7500 fed and $2500 CA state tax credit. However, my wife is main owner ( with her name on the title) and I am a co-buyer of the car. My wife's income is around 30k, so I am not sure if we can get the full benefit of tax credit.
My question is if me and my wife file the taxes jointly, will that help to fully claim the tax credit as I am sure combined tax liability is much more? Or that ev tax credit wont be applicable to my income even if we file jointly? Please advise
