Yogi1956
Well-Known Member
- First Name
- George
- Joined
- Apr 25, 2021
- Threads
- 9
- Messages
- 273
- Reaction score
- 498
- Location
- Hidden Meadows
- Vehicle(s)
- 2021 Rubicon Unlimited
If you REALLY want to sell consider taking your current best offer. Lack of new inventory drove used car prices and that issue is quickly being fixed. The chips are starting to arrive and manufacturing is starting.
I’m in the RV business and we get trucks on trade with fifth wheel trailers. Late model dually diesel 4x4 trucks are being auctioned as much as 5-8,000 less today vs 30 days ago.
You do not receive a refund of any unused tax credit. If you owe $5000 in taxes you will get to use $5000 of the credit and you will not get a check for $2500.
This credit is a non refundable credit vs a refundable credit. There is a bill (Clean Energy For America Act) that as of August 2 has not passed that would change the credit to a refundable credit (only owe $4,500? You’d get a check for $3,000) currently it is non refundable and you’d get your $4,500 tax bill eliminated but no refund of unused credits. The credit could be increased to $12,500 for vehicles made in the U.S. and made by unionized manufacturers.
I’m in the RV business and we get trucks on trade with fifth wheel trailers. Late model dually diesel 4x4 trucks are being auctioned as much as 5-8,000 less today vs 30 days ago.
You do not receive a refund of any unused tax credit. If you owe $5000 in taxes you will get to use $5000 of the credit and you will not get a check for $2500.
This credit is a non refundable credit vs a refundable credit. There is a bill (Clean Energy For America Act) that as of August 2 has not passed that would change the credit to a refundable credit (only owe $4,500? You’d get a check for $3,000) currently it is non refundable and you’d get your $4,500 tax bill eliminated but no refund of unused credits. The credit could be increased to $12,500 for vehicles made in the U.S. and made by unionized manufacturers.
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