https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-what-situation-will-i-get-ev-car-credit/01/591068#M77020 <P>I have have a projected federal tax liability of 10000 for 2018, with a tax with holding of 12000 by my employer. Under normal circumstances, I would be due back a tax refund of 2000.<BR /></P><P> <BR /> </P><P>If I buy an EV car before the end of the year (eligible for 7500 tax credit), will I actually get back 9500 instead ?</P> Thu, 06 Jun 2019 00:11:16 GMT vivek_arya1 2019-06-06T00:11:16Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-what-situation-will-i-get-ev-car-credit/01/591068#M77020 <P>I have have a projected federal tax liability of 10000 for 2018, with a tax with holding of 12000 by my employer. Under normal circumstances, I would be due back a tax refund of 2000.<BR /></P><P> <BR /> </P><P>If I buy an EV car before the end of the year (eligible for 7500 tax credit), will I actually get back 9500 instead ?</P> Thu, 06 Jun 2019 00:11:16 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-what-situation-will-i-get-ev-car-credit/01/591068#M77020 vivek_arya1 2019-06-06T00:11:16Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-assuming-you-otherwise-qualify-for-the-credit-and-yo/01/591071#M77021 <P>Yes (assuming you otherwise qualify for the credit and your projections are accurate).</P><P>One slight 'catch' is that you must be talking about a projected federal <B>income</B><B> tax</B> liability of over $7500.&nbsp; The credit can not offset other taxes (such as Self Employment tax) or penalties.<BR /></P> Thu, 06 Jun 2019 00:11:17 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-assuming-you-otherwise-qualify-for-the-credit-and-yo/01/591071#M77021 TaxGuyBill 2019-06-06T00:11:17Z