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Old 05-13-2015, 10:55 AM   #15
Balasarius
 
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Screwing around on the Chevrolet website to get a private offer. There are 4 Camaro ZL1s in my area. There are 335 Volts.
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Old 05-13-2015, 10:56 AM   #16
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I've never been a fan of greenie cars, but that Volt seems to be pretty decent (I have not driven one (yet), but those who drive them seem to give them props).

Maybe GM could offer a ZL-1 package?!?
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Old 05-13-2015, 11:50 AM   #17
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Originally Posted by alcal1084 View Post
So that sucks for me!!! I really want to get the new volt if I was to get more money back. The way they advertise is frustrating
Some states have incentives where you could get more money back. I'd check with Nevada.
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Old 05-13-2015, 11:55 AM   #18
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who cares??
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Old 05-13-2015, 11:57 AM   #19
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Originally Posted by Grabber View Post
You only get $7,500 if you pay more than that in taxes each year. if you only paid say $6,000, you'd get $6,00 plus your regular taxes back.
This isn't entirely correct. It isn't based on how much you paid, it's based on how much you owe BEFORE credits. If you have your 1040A handy look at lines 28-30. This is the amount it gets deducted from. Also, the EV tax credit is the last credit that is taken off, all of your other credit's (child care, 401k, etc) take precedent. Don't worry if you don't use it all either. You can retain the unused EV tax credit for I think 2 more years.
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Old 05-13-2015, 12:36 PM   #20
Grabber
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Originally Posted by Mr_Draco View Post
This isn't entirely correct. It isn't based on how much you paid, it's based on how much you owe BEFORE credits. If you have your 1040A handy look at lines 28-30. This is the amount it gets deducted from. Also, the EV tax credit is the last credit that is taken off, all of your other credit's (child care, 401k, etc) take precedent. Don't worry if you don't use it all either. You can retain the unused EV tax credit for I think 2 more years.
Maybe I worded it incorrectly.

It was explained by the person we spoke about for filing the federal taxes.

For example, I owed/paid over $7,500 in taxes. They advised if we owed/paid less than that, we could only qualify up to that amount in a federal rebate for purchasing the volt.

It obviously makes sense the way you explained it. Tax terms and I do not go well together.

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Old 05-13-2015, 12:45 PM   #21
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I like the idea of the Volt, (I have solar panels to feel better about myself), but I cant bring myself to trade a V8 for a hybrid.

Maybe when the $35k Tesla comes out....
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