boba
Well-known member
My Leaf was purchased last October (I Love it!). Just started working on my income tax for 2014 and need the proper form for the rebate. What is the number?
Bob
Bob
boba said:My Leaf was purchased last October (I Love it!). Just started working on my income tax for 2014 and need the proper form for the rebate. What is the number?
Bob
leafo said:I am also applying for this credit. Based on what I found online, it seems some people had problem due to IRS trying to use AMT on their tax filing and then reducing the rebate amount. I have never paid AMT before and just checked with taxact and I don't need AMT for this year also. But, to be on the safe side, I'm thinking about attaching a filled out 6251 along with my tax and taxact does allow submitting 6251 even though nothing is owed. BTW, the instructions for 6251 mention that it should be filled when claiming an electric vehicle credit.
Is there anything else I should be careful about?
Thanks!
nerys said:because taxes are their to take from you not help you
this is why they are complicated. honestly no joke no sarcasm. fact.
forummm said:nerys said:because taxes are their to take from you not help you
this is why they are complicated. honestly no joke no sarcasm. fact.
I think a more realistic answer is that the tax code is complicated because 1) it can be difficult to change things even when they have unintended consequences and 2) many special interests benefit from certain things being very complicated, and 3) sometimes things get complicated when you have 536 (including the administration) people potentially putting things into large bills that get passed and then are added to existing laws.
The AMT was originally intended to just ensure that very rich individuals were actually paying taxes and not using loopholes to get out of paying very much (as many of the rich still do to this day--mostly legally due to the structure of the tax laws). But it wasn't originally indexed for inflation, and so started to reach the middle income. As more and more people became subject to the tax, the cost to remove/amend it increased (any fix would cause less revenue to be collected, thereby increasing the deficit), so it became harder and harder to return it to its original purpose.
tkdbrusco said:You guys wanna know why I bought a Leaf. It wasn't so much for the environmental benefits, because to be honest, I'm not sure they even add up. We are burning fossil fuels to create the electricity, and I bet the life of the car (and battery) is less than half of a normal ICE car. And not to mention how much does it cost to make the battery, and mine for the metals for it, etc...
I bought the car because between the $7500 federal tax credit and the state $2500 rebate, combined with all of the other discounts and offers, I could drive a car nearly for free. And also get back about $10,000 in my hard earned tax dollars that I gave to a state and federal government that just wastes my money. Why shouldn't I get some back.
i understand your reasoning but after all the research i have now done on used vs new, i think all this money everyone thinks they are getting back in their hard earned tax dollars isnt really true. You can buy a 2015 used leaf for under 20k. the minute you drive the new one off the lot all those tax incentives are deducted from the msrp. i personally dont qualify for 10k off in incentives so its a real boom for me to buy used, but even if you qualify for the full 10k in cali, you also pay more in sales tax because its based on the selling price not the after incentive price.Nhinman said:tkdbrusco said:You guys wanna know why I bought a Leaf. It wasn't so much for the environmental benefits, because to be honest, I'm not sure they even add up. We are burning fossil fuels to create the electricity, and I bet the life of the car (and battery) is less than half of a normal ICE car. And not to mention how much does it cost to make the battery, and mine for the metals for it, etc...
I bought the car because between the $7500 federal tax credit and the state $2500 rebate, combined with all of the other discounts and offers, I could drive a car nearly for free. And also get back about $10,000 in my hard earned tax dollars that I gave to a state and federal government that just wastes my money. Why shouldn't I get some back.
Very similar to my situation. I did a couple of things that made my tax liability larger than normal for 2014, so I figured what the heck, I want some of it back. $7500 Federal tax credit, $2500 state rebate, and Nissan paid me $3500 to take a 0% loan. I didn't really want the loan, but if someone is going to pay me to take their money at no interest, I will.
I have a 2007 Frontier PU that I love and don't want to part with, but it's starting to get a lot of miles on it. I got the Leaf to do my local work commute and errands.
KillaWhat said:Given a level playing field, who would buy used over new?
I got $10,500 between the State and Fed Tax Credit.
It was no hassle.
Couple of photocopies and a 10 line tax form.
New for the same cost as used........ but NEW!
No Brainer.
Don't e-file; Paper File.
Send them a copy of the BOS, Registration, Source of funds, etc.
Credit sailed through with no problems.
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