I hope I’m making sense. Apologize in advanced. So I’m planning to purchase an EV. And estimably I will be eligible for $7500 Tax credit. I couldn’t really understanding how it works after tons of reading. So simply put it: Will I get the tax withhold back? Like in total for my withhold is 6000 and Fed Tax for 2023 is 7500. do I get the 6000 back and not owe anything? Or is it not what I think how it works?
