Hi all! I bought a new EV in 2023, and made sure that I had enough tax liability at end of year tax season that I could take full advantage of the $7500 tax credit.
However, I'm punching in some of my taxes into TT today, and YES, I have a tax liability to offset with the $7500 credit, but now it's saying I have a >$1,000 withholding penalty! I've never had this happen to me before so I'm quite unfamiliar with it.
Is there a special carve-out for those buying EV's ? This seems really impractical and penalizing for folks that want to make sure there's a tax liability for the credit, but then get penalized for going over that amount (not too much IMO). Can someone please help/advise? THANK YOU!!!
