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Deductions & credits
This is really helpful information. I'm still a little unclear as to how I would apply the credit. For example, last year my ta liability was ~$26k and should be around the same this year. So, if I am understanding correctly, this would mean I would get the full $7500 for federal (plus $2500 for state b/c I live in Colorado). So, my question is on my 2022 returns is this EV credit applied as a deduction?
Again, I'm really sorry fo my ignorance.
‎July 20, 2022
2:59 PM