Opus
Well-Known Member
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- Jul 17, 2022
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I can just see some idiot and his idiot cousin selling the same used EV back and forth to each other thinking, “chi-ching, chi-ching”Side note - new in this bill is a provision for a $4,000 tax credit on a used EV, with income limits of $75,000 for single filers and $150,000 for joint filers.
I don’t think they thought that one through. While cars are technically new only once, used cars can pass through multiple hands with each buyer potentially able to claim the credit. Could be a relatively cheap method to wash out tax obligations entirely. Buy a car, wife “didn’t like it”, flip, repeat.
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