Anyone know about the $7500 tax credit????
The way I read it..... the $7500 goes to your taxes if you owe.
So, if you owe $8500 for 2014, you would only owe $1000 once the credit is applied.
But if you owe $6500, you would owe nothing once the credit was applied (you don't get $1000 back)
I usually get about $800-$1000 from my refund, mainly due to interest paid to my mortgage. So, would I get nothing from the credit?