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Discussion Starter · #1 ·
Bought a 2017 Premier for a good price, took the tax credit (and will make sure I owe at least $7,500), used my GM card credits, etc. Posted a message a few days ago (a reply to a thread), never showed on the site. Posted a question today, 5 minutes later, not on the site. Just curious.
 

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I think something like your first 10 posts are moderated, then you're free to post, but you can get banned if you cross the line or too many people report you as being abusive. I think this was necessary to counter spam as years ago we'd get all sorts of posts in the middle of the night selling something or trying to get you to follow a link to watch free pirated movies.

It's a necessary evil to stop those scumbags. If only there were a way to press a button and have the perpetrator's computer burn up in a ball of flame...
 

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Discussion Starter · #3 ·
I don't care if they are moderated, but just trying to ask a question in the volt2 section about whether or not I can use the canvas bag instead of it covering the tire inflator, i.e., what is it for. I doubt it had anything in it that would cause it to get me banned! I keep seeing later posts post, perhaps those are not moderated as you kind of suggest, so, perhaps it's just a delay.
 

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I don't care if they are moderated, but just trying to ask a question in the volt2 section about whether or not I can use the canvas bag instead of it covering the tire inflator, i.e., what is it for. I doubt it had anything in it that would cause it to get me banned! I keep seeing later posts post, perhaps those are not moderated as you kind of suggest, so, perhaps it's just a delay.
On weekdays, the response should be faster, it's weekends where the moderators are busy having a life.

Canvas bag? Are you talking about a gray pouch that opens up into the loin cloth that give some security for the back hatch area? You'll want to get a Voltscreen anyway, just search for it on the web. scarlett1 is the forum member who makes those. If there is a bag for the inflator, I didn't get one with my gen1. It's your car, do what you want to it.
 

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Your post was/is there, it just doesn't show up instantly. By way of explanation, the process is a spam defense. We were getting inundated with spam of various flavors. Just delaying reduced the spam by 99.9% and eliminated the problem.
 

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Posted a question today, 5 minutes later, not on the site. Just curious.
Yes, I approved your post earlier today. As mentioned, there is a delay. Now, had you sent me $20, I would have done it sooner rather than picking out tile for the shower remodel. :)
 

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...took the tax credit (and will make sure I owe at least $7,500)...
Welcome to the forum. Not sure what you mean by "took the tax credit". It is applied when you file your return for the year of purchase.

The exercise is not to owe at least $7.5k when you file but, since the credit is non-refundable, to make sure your total tax liability is at least that much. You can benefit from the credit before you file by adjusting your withholdings or quarterly payments so that your net due or refund is close to zero. If you will not have sufficient tax liability you can increase it by such creative moves as making eligible taxable IRA withdrawals or Roth conversions.

KNS
 

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Discussion Starter · #8 ·
i.e., it was new. So, yes, tax credit is deferred. I will take 401k withdrawals in December to make sure I have a liability of at least $7,500. Wife is of sufficient age so no penalty, so, would be dumb to not take money out tax free to reach $7,500 in tax.

Sorry about the OP, I was not aware at first that they were moderated. I have nothing against that, and, appreciate the time and effort all moderators spend and the service they perform.
 

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Bought a 2017 Premier for a good price, took the tax credit (and will make sure I owe at least $7,500)
Just wanted to make sure you knew you don't need to "owe" $7,500 - as in: after you finish your tax return, $7,500 wasn't covered by withholding. Your total tax liability needs to be at least $7,500 to get the full credit - even if you were going to get a refund before the tax credit, as long as line 63 of your 1040 is $7,500 or more you're golden.
 

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Discussion Starter · #10 ·
Yep, fully aware, thanks though. I have no withholding as I am self employed though. At least until year end when I retire. I sure don't want to give the govt a tax free loan. But I do have to pay SS taxes in the meantime.
 

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i.e., it was new. So, yes, tax credit is deferred. I will take 401k withdrawals in December to make sure I have a liability of at least $7,500. Wife is of sufficient age so no penalty, so, would be dumb to not take money out tax free to reach $7,500 in tax.

Sorry about the OP, I was not aware at first that they were moderated. I have nothing against that, and, appreciate the time and effort all moderators spend and the service they perform.
If you need the money, go ahead and take the withdrawal, but if you don't need it, why not do a Roth conversation? That way any growth happens tax free. It has the effect of "investing" an extra $7500 into retirement. Compound that a decade or two and it can become much more than $7500.

I'm in a unique situation also where I can't touch my retirement nest egg without penalty for 8 years but my wife can. Alas, we're getting punished by the government for making too much money. It really bothers my wife to pull out 401k money to get taxed at our tax rate since I make a lot. Sadly, it would be better off if I was unemployed, then we could pull her money out at a much lower rate, except for the fact that we like having a nice income vs. no income. My mistake was not realizing when my wife quit working 20 years ago that I could still invest for her even though she didn't earn an income. I would have maxed out a Roth IRA and traditional IRA and lessened my retirement investments so we could have access to a whole lot more money when she hit retirement age. I just never thought of it or knew about it until now. I want to retire early, but too much of our nest egg is tied up in things where I cannot get to it without penalty.
 

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Discussion Starter · #12 ·
If you need the money, go ahead and take the withdrawal, but if you don't need it, why not do a Roth conversation? That way any growth happens tax free. It has the effect of "investing" an extra $7500 into retirement. Compound that a decade or two and it can become much more than $7500.
Yeah, we will need it in the next couple of years. I will be living off of after tax money for the next 4 years, and then I get a pension, SS, etc. So, it's money we would be taking out anyway, except, with tax were it not for the Volt. So, we should owe $0 tax each year until I reach age 62. That will be amazing! So, the idea during those years will also be to withdraw money up to the point it is taxed. That will fund those 4 years along with previous savings. So, in December each year will have to figure out about how much I can withdraw and still pay no tax and do so. Gee, what a fun game!

I still love how people say how many millions one needs for retirement. It always depends on circumstances, but, as it is, I will have vastly more money at retirement. And infinitely more time to do what I want to do.
 

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Yeah, we will need it in the next couple of years. I will be living off of after tax money for the next 4 years, and then I get a pension, SS, etc. So, it's money we would be taking out anyway, except, with tax were it not for the Volt. So, we should owe $0 tax each year until I reach age 62. That will be amazing! So, the idea during those years will also be to withdraw money up to the point it is taxed. That will fund those 4 years along with previous savings. So, in December each year will have to figure out about how much I can withdraw and still pay no tax and do so. Gee, what a fun game!

I still love how people say how many millions one needs for retirement. It always depends on circumstances, but, as it is, I will have vastly more money at retirement. And infinitely more time to do what I want to do.
In that case, you get to buy or lease whatever you want, since it is a tiny portion of your nest egg. it's true, a lot of happiness comes from being content with what you have and not wanting what everyone else wants.
 
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