4 ms·

Doesn't California have a income limit for tax credit eligibility? 135k for single income and 200k if you are jointly filing?

• bonestamp2 3y ago
  The federal credit has an income limit too. I don't like that there is an income level cutoff. Hear me out... a single person with an income of $299k living in Nebraska has way more expendable income than a single income family with 4 kids with an income of $299k living in the bay area.
  • hedora 3y ago
    You can lease a kia or hyundai for one month, then buy it, and get the federal credit, regardless of income. In order to bypass the made in America restrictions, they take the commercial fleet credit, then pass it on to you.
    • currio 3y ago
      Is that right? If you lease and buy you get federal credit regardless of the income? Does it apply to any manufacturer?
  • themitigating 3y ago
    Yes. This happens with alot of subsidies but how would you determine what a person should receive? People could have multiple children, debt, sick relatives, etc. Maybe that 300k person in Nebraska had 20 kids or something. Using the area as a measurement is complex
    • bonestamp2 3y ago
      > how would you determine what a person should receive? If it's truly an incentive, incentivize everyone. I know people who make $1 million/year who will argue over $10. $7500 would absolutely affect their behavior even though they can afford an EV without it.