BobKamman
Level 15
01-18-2024
11:18 AM
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You buy an EV from a dealer who gives you the $7,500 credit as you drive it off the lot, because you signed the paperwork saying you're eligible. You get to work and find that AI has replaced you with a robot. You don't find another job and your 2024 income tax turns out to be zero. Does this mean you have to refund the $7,500 when you file your 1040 next year?
I haven't been able to find an answer. I do know that it's OK to exceed the income limit in 2024, as long as you were below the maximum for 2023.
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