BulldogTom Posted April 6, 2012 Report Share Posted April 6, 2012 Does the Chevy Volt Credit have a carryover? If you qualify for 7500, but you only have 2k in taxes, can you carry the rest to 2012? Thanks Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Kea Posted April 6, 2012 Report Share Posted April 6, 2012 From what I've read, no. (Don't remember the cite right now.) My client with a Volt had the tax to cover it (courtesy of converting an IRA to Roth). Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 6, 2012 Report Share Posted April 6, 2012 That is why I call that a tax break for the rich, Tom. Only people who can get a real benefit from it have to not only be able to pay $42K for a car, they have to owe enough taxes to absorb it. Funny that it is Obama that is pushing this one, when he so hates "TAX BREAKS FOR THE RICH", isn't it? Quote Link to comment Share on other sites More sharing options...
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