LeftieBiker wrote:I think you'd be surprised at how many of us can't use the tax credit to buy a car. I'm retired, and most of my pension and Disability isn't taxed, so I owe about $1k a year. My housemate, even when she was working at a good government managerial job, never owed anywhere near $7500 in taxes. Maybe half that...
She either doesn't make much money, or she has a TON of deductions. My father, living on just his retirement income (pensions and social security, no IRA's), still pays about $4k/year in income taxes just to the Feds alone. He lives alone (Mom died years ago) and his home is paid off.
According to https://smartasset.com/taxes/income-taxes#DGtsCEeSaQ
, a single filer taking the standard deduction and personal deduction and making about $58k/year will just hit the $7500 threshold. Median income in NY state was a bit over $60k in 2015.
Last edited by RonDawg
on Sun Dec 10, 2017 3:53 am, edited 2 times in total.
Blue Ocean 2012 Leaf SV, lost that 1st bar on 11/21/2015 at 26,435 miles.
Lease returned on 12/23/2015. Final LeafStat figures: 225 Gids, 17.44 kWH, SOC 91.89%, SOH 82.36%, 69.49% HX, 54.57 Ahr, battery temp 61.8 F
Now driving a 2015 VW eGolf SEL