https://electrek.co/2022/12/20/th...til-march/
YMMV and depends on how good your local dealer is willing to work with you. The response I have from mine is to wait till Jan 1 to get a quote and the OTD. Some of the rebates mentioned in the link are valid till Jan 3. So the above price is achievable if you take delivery between Jan 1 and Jan 3. Please post any responses that you receive from your local dealers here. At 18k this is a screaming deal. Hope folks are able to pull this off.
https://www.chevrolet.com/electric/bolt-ev
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There is NO reason to believe that just because there's a delay in clarifying the law they're just going to give the full tax 7500 incentive to everyone. It would make a lot more sense if they gave it to no one.
https://www.greencarrep
If I buy on Jan 1, 2023, should I then change my 2023 W-4 tax withholdings to a high number or exempt?
2021 I paid about $8700 in federal income taxes throughout the year, and owed 0 when I filed taxes.
Since the rebate won't result in a refund, I am trying to figure this out.
2023 will be similar income and deductions, very simple, basic earner
Since the tax credit will not result in a refund, I would need to owe for 2023. Is my thinking on target?.
Note though, the $7500 tax credit for the Bolt is probably only good for purchases before the end of March. After that, it will probably drop to $3750 when the Treasury Dept. finally releases their battery requirement info.
https://www.cnbc.com/2022/10/15/the-7500-electric-vehicle-tax-credits-full-value-may-be-hard-to-get.... [cnbc.com]
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Still, its a great deal...
As for charging speed... This is true...
So this is a short window that you can get $7500 rather than $3750 that GM said the Bolt would qualify [gmauthority.com] for.
It's true that this is not a refundable tax credit. So the buyer do need that much tax liability to get that back. However, just to be clear (not directed at you specifically since it's a common misconception), that doesn't mean that the buyer would have to owe IRS $7500 when filing taxes. You just have to have $7500 in total liability.
So a single filer with no dependents would only need to make $67,000 gross to have that much liability. So it's extremely likely the buyer would qualify for the full $7500 if you're looking at buying a new car unless they have a few dependents that they get tax credit for.
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It's our "second" vehicle, and mainly used for commuting, but I have taken in on a few trips.
There is a TON of F.U.D. (fear, uncertainty and doubt) that people/bots/big oil try to spread. Honestly, I've really enjoyed the car, and found it easy.
Just get a 240 outlet installed at your house and charging is easy. (I saw someone bitching about 3-4 miles per hour charger at home, that's through a 110/120 outlet.)
The Bolt is the entry level EV. It's not a Tesla or a Ford Mach-E or anything like that. It doesn't have ALL the bells and whistles. It doesn't go as fast on the top end, it's fastest charging speed at a Level 3 charger is slower than others, but it's still a very good vehicle, and easy to own.
I'm saving a ton in gas money.
This is a great deal!
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