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Deductions & credits
I did not receive any money from the dealer. I assigned my federal $7,500 tax credit to the dealer at the time of purchase which reduced to cost of the EV. My question is how will the application of the solar tax carryover and the EV tax credit apply to my 2024 tax liability. My tax liability is not enough to use both Solar and EV Tax credits. I would hope that since the solar credit can carry over to future tax liability it will apply after the EV credit since the EV credit is not allowed to be used over multiple tax years.
‎December 17, 2024
11:43 AM