GM Volt Forum banner

tax rebate

  1. Leasing in IL - Tax credits not being priced into lease AT ALL!

    Buying, Leasing & Selling - Chevy Volt
    Went to two dealers in the Chicago 'burbs on Monday. Neither had ever heard of pricing the Federal tax credit or the IL tax rebate (10% of purchase price, straight up cash) into a lease. Here's the math I got at both places: On a $35k car 8.25% tax due on full $35k (IL lease tax laws stink!!)...
  2. Tax Credit

    Buying, Leasing & Selling - Chevy Volt
    I submitted a request for a $7400 tax credit in my federal tax return. This was based on the kilowatt hours on the battery. This information was provided by the Volt advisor from OnStar. The IRS reduced my tax credit to $4500. I assumed that everyone would get the full $7500 tax credit...
Top