Did it get changed to applying the credit at the point of sale or is it still only when you file.
Leases are applied at point of sale. In the previous bill it was said that it would change for all sales not just leases.Never at the point of sale, always when you file. I did read that certain dealerships were offering to drop the $7,500 off the price if you signed over the incentive to them but the IRS never allowed the money to come off the purchase price at the point of sale, it always had to be filed with your taxes.
The consistent answer ive seen is that the dealers will have the option to apply it at time of sale.In this article, it’s a tax credit, I read another, and they said it was applied at the time of sale, to bring down the cost immediately. Seems like everyone has a different interpretation,