Sorry tax credit question again…

[GZR1S]

Hello all , just started my 8 step for the R1S . Signed the binding contract and understood I need to file amended return. I got solar last year and worried I won’t get the full $7500(middle class here) . I’m looking at my 2022 1040 line number 24 Total tax, as long as it’s over $7500 then I should get the full credit right?

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[VSG]

Correct.

 

[GZR1S]

Correct.

Thanks for the quick reply

 

[RumAmuk]

Hello all , just started my 8 step for the R1S . Signed the binding contract and understood I need to file amended return. I got solar last year and worried I won’t get the full $7500(middle class here) . I’m looking at my 2022 1040 line number 24 Total tax, as long as it’s over $7500 then I should get the full credit right?

so if I signed binding contract in 2022 but took delivery in May of 2023, I need to amend my 2022 return. Is that how it works? I have gotten conflicting info.

 

[Friscorays]

so if I signed binding contract in 2022 but took delivery in May of 2023, I need to amend my 2022 return. Is that how it works? I have gotten conflicting info.

Believe short answer is yes.
Lots of discussion:
https://www.rivianforums.com/forum/...for-an-amended-2022-federal-tax-return.14839/

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