Quote:
Originally Posted by ELGo
I'm sure you know your tax situation well, but being retired does not necessarily mean no tax liability. Even SS is taxed above a threshold amount.
I'm in your situation. No tax liability to take advantage of the tax credit. Even though I work and am paid quite well, most of my income is sent to retirement savings so the end result is the same.
The follow-up comment though is exactly right: a used car should pass most of the credit on to the secondary buyer.
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ELGo,
Thanks but for the last several years I have paid little to no tax. Things might change, I'm doing more magazine articles now and will be starting to sell circuit boards again. I'm just rebuilding my web site:
www.dsgnspec.com
Rob