If I work as a 1099 (independent contractor) and owe $7000 in taxes next year, will the tax credit mean that I owe $0 in taxes? I'm looking into buying a brand new 2015 Nissan Leaf. A used 2013 with 12,000 miles is about $18,000 after taxes and fees but if I understood how the tax credit works, I'd be stupid to buy a used one.
What if I work for a company that withholds taxes from every check? If I recall correctly, I filled out a W2 or something like that. This means I'm an employee, not a contractor, right? So I should be eligible for the entire EV tax credit?
What if I work for a company that withholds taxes from every check? If I recall correctly, I filled out a W2 or something like that. This means I'm an employee, not a contractor, right? So I should be eligible for the entire EV tax credit?