I'm new to the tesla world and in the early stages of deciding and ordering my tesla s. I'm sorry if this is in the wrong section but here is my question. I have been confused about if I would get an actual tax refund check of 7,500$ when tax season rolls around so I called my tax consultant and here is what he told me
Income: $100,000 a year
Taxes paid : $20,000 a year
What the non refundable tax credit will do is change my total Income to $92,500 and in turn reduce the amount I owe the IRS to $18,500 so a refund of only $1,500 which is proportionate to what my income was reduced to. Any help or comments would be appreciated and thx!