@xandergonzalez the advisor is incorrect because the EV tax credit is a 'non-refundable credit'. It can only reduce your current year tax liability; it does not otherwise put cash in your pocket. You can not get 'blood out of a stone'.
Your current year tax liability is Line 22. the EV credit can reduce line 22 to zero and that is all. If the tax liaiblity prior to applying the EV credit is less than $7500, the rest is lost.
is the advisor confusing 'tax liability' (line 22) with the amount you owe (line 37)?
