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Electric vehicle tax credit- Do I stop withholding any federal tax for entire year?
I see the federal tax credit for electric vehicles is non-refundable credit. So to use the maximum amount, do I need to stop paying federal taxes per paycheck and then at the end of year when filing taxes, pay the difference between "What I owe for full year" minus "Electric Car credit"?
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‎November 11, 2021
8:38 AM