As mentioned in your post, the federal tax credit is non-refundable. It will reduce your tax burden but if you get a refund, it will be due to other factors.
this post was submitted on 24 Oct 2023
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Yeah, I'll owe about 5k fed tax and my W4 is set up so I usually pay/owe nothing come tax time... so I'd currently get about a 5k refund. I'm looking at ways to increase my federal taxes before EOY to squeeze more out of it.
I just don't want you to be disappointed come tax time. It's a surprisingly common misconception.
Congrats! I was very close to buying this, but then got a very good deal on an Ioniq 5 instead. Hope you'll be happy with it!