My income tax is about $8000 and I am qualify for Child TAX Credit. If I buy a qualify EV that gives me $7500 tax credit, would I still be able to use ACTC to get child tax credit?
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Short answer is YES ... if your federal tax is $8000 and the EV credit reduces it to $500 then the CTC would be limited to $500 leaving $1500 ATCT to be refundable ($2000 - $500 = $1500).
Short answer is YES ... if your federal tax is $8000 and the EV credit reduces it to $500 then the CTC would be limited to $500 leaving $1500 ATCT to be refundable ($2000 - $500 = $1500).
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