News Electric cars just got a big boost to make them more affordable

DrPlanarian

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Feb 8, 2016
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This article says the credit can be taken at point of sale. However, is the $7,500 credit able to be taken at the point of sale available to people like retirees whose total Federal tax liability is less than $7,500?

The previous credit was NOT refundable, meaning that you could only take either the $7,500 or the amount of your total Federal income tax liability, whichever is less, when you claimed the credit.

As a retiree VERY interested in purchasing an eligible vehicle, this is quite relevant to me.
 
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