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Altruistic_Fill_7465 OP t1_j4hjx5x wrote

Reply to comment by FizzgigsDentist in Require Driver's License to be on title of a new car by Altruistic_Fill_7465

>Don't put someone your not legally married to on the title unless you want to lose the car. Why does she need to be on the title if she doesn't even have a license? Shell still be able to drive the car after she gets one. This seems risky af

I agree with your statement of it being risky but we are jointly going to be on the loan. I can't claim the 2023 EV credit due to my income limitation so want to add her to the title so she can get the $7500 federal tax credit while I be on the registration (as I believe she cant' without a DL). I agree with the risks but keeping that aside want to know if this is at all possible

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Beardedpixeltv t1_j4hy697 wrote

Doesn't the tax credit come with your year end taxes? Meaning you two would have to file a joint tax return, as in be married, for both incomes to be taken into account.

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Altruistic_Fill_7465 OP t1_j4hyy33 wrote

Yes, we will be married end of this year so will be filling our taxes jointly so both of our incomes might be combined, this might work. Thanks!

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yangqi t1_j4radlf wrote

If you take delivery of your car this year, you can also use your tax return of 2022 to get the tax credit if qualified.

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