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I was wondering if anyone has been told by their accountant that the $7500 tax credit will NOT apply due to the AMT Alternative Minimum Tax ? Anyone who can afford this car...in other words...will not benefit from the tax credit.
 

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naples29 said:
I was wondering if anyone has been told by their accountant that the $7500 tax credit will NOT apply due to the AMT Alternative Minimum Tax ? Anyone who can afford this car...in other words...will not benefit from the tax credit.
Depends on whether you're subject to AMT, which is pretty hard to predict since the Congress critters keep doing last minute changes to patch AMT instead of doing a proper tax reform bill.
 

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I think there was an earlier thread about this saying that the credit is not limited by AMT.
 
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