Solved: Can the electric car credit be used to offset social security tax?
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Can the electric car credit be used to offset social security tax?

I did not get the full $7500 credit because it was not applied to self employed social security tax

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Level 12

Can the electric car credit be used to offset social security tax?

NO, it only offsets Income taxes, not Self employment taxes.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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Level 12

Can the electric car credit be used to offset social security tax?

NO, it only offsets Income taxes, not Self employment taxes.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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Level 15

Can the electric car credit be used to offset social security tax?

It is only applied to income tax and does not reduce the Self-Employment tax.

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