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How to claim tax credit for Electric Vehicle and carryover of solar tax credit
I have a question regarding the EV tax credit. I made a deposit (with a binding contract according to IRS) for my EV in April 2022, but I won't receive my EV car until sometime next year. According to the new EV tax credit, it states that as long as I make a deposit of 5% of the total cost of vehicle before Aug 16, 2022, I still can claim up to $7,500 under the old EV tax credit. My question is Should I claim the EV tax credit for this year's taxes (2022) or wait until I receive my car and finish the financing to claim tax credit in 2023? Another question is: I also have a carryover tax credit for a home solar power system from last year (2021). What will happen to my carryover tax credit for solar if I have to claim my EV tax credit this year? Thank you