johnsnownw
Elio Addict
You get the full credit UP TO the amount of tax you paid for that year. Anything above that goes away. If you only paid $5,000 in tax, that's all you'll get off your taxes as a credit for the EV.
Right, and what I'm saying is that the Avg. household income of $51k, pays enough in tax to get almost the entire incentive. I believe it's something like $6300...or so.