Quote:
Originally Posted by F32Fleet
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Right - I was just following from my original post about the BMW X5 45e, which is still eligible for a $7500 federal tax credit
... which, to my understanding, is based on one's personal income (i.e., what you owe in federal taxes) and so wouldn't be rebateable by BMWFS (I could be very wrong though - taxes never make sense - maybe
Run Silent can give us his advice?).
This is key for me, because in my personal case I'm NOT eligible for the state credit but AM eligible for the federal credit if I buy before BMW gets to 200,000 in EV sales.
Though, someone had posted they got a tax rebate check on that federal credit - my supposition is that the check was actually state credit, not the federal credit, but
Further, those federal credits are only good for automakers who've made < 200k eligible vehicles, after that no more federal credit