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right. no GM vehicles qualified after 2020 under the old rules due to the manufacturer limit.

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I think that’s what my dad was getting at but before this tax guidance was released today it seemed that cars purchased after the IRA legislation was passed eg after October 2022 were going to be eligible. Now it appears it has been finalized that no purchase qualifies before January 1, 2023. In terms of logistics and communication, not a point about politics, I feel like this was really poorly handled by IRS and DOE based on the consumer guidance I was reading at the beginning of Q4 2022.

I work approx 42-44 hours a week. Every hour per day over 8 hours per day is paid at 1.5x my base rate.

So if I work 10 hours for 2 days and then 3 days at 7 hours I get paid for 37 reg hours and 4 hours of overtime.

> We pay $352/mo at 3.9%

Ahh, I saw this, but it is for your van. In that case, I’d say use your equity to finance the addition, don’t waste any time.

As for the job, understand the market

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Assuming you have only one employer and one 401K, they’ll cut it off. Do 22%, the last contribution will be reduced to max out.

Two questions that you need to investigate & answer first:

(1) if your company has a 401k match, will they "true up" at the end of the year?

(2) Will your plan stop contributions when you reach the total? Or will they switch to an after-tax 401k?

What’s weird is the 2023 Chevy Bolt EUV is not listed under qualifying vehicles for 2022 under the old rules but is listed as qualified under the new rules?

Even in a fantastic neighborhood with a mortgage at 2.5%?? To get something bigger we would be looking at $850k in our town, not even in our neighborhood. Home prices have increased drastically in our area in the past 5 years.

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Well assuming Chevy does raise the price as expected I guess it’s not too bad saving $6500 at the point of sale as opposed to reducing my tax liability by either $3750 or $7500. It is also unclear what happens if there is a manufacturer phase out during the tax year you buy the vehicle - is it the date you purchase the vehicle or date you file your taxes? Point being if this is super popular you could lose out on the rebate anyway. I am just going to be grateful that I calculated I will be saving about $5,000 in fuel and maintenance costs annually after subtracting out the estimated cost of electricity commuting to work and expected EV maintenance and not too upset at myself for something I can’t change. I’m not financially vulnerable but this still is annoying to potentially have left money on the table.

Most (all?) modern payroll systems will prevent you from over-contributing. So do 22% and you should be fine.

Im positive prices will jump starting Monday though.

I would also add something as someone with kids in full-day school. The appointments, doctor visits, illnesses, and general need for flexibility will still be there. It's honestly priceless to have flexibility until they are grown and fully self sufficient.

Do the next percent over. If staying at one job and it's the only plan you contribute to, your payroll should stop you at the max automatically

I mean the reason the price is going up (or that it was lowered for now) is probably because of the tax credit (and current lack thereof). So it sounds like it could be about the same either way, which was probably Chevy’s point.

Well done! Hard to complain once you get to the point where you zone out of eligibility, but for sure something to watch for (just happened to me over the past few years).

But what kind of socialization/schooling would my children get without daycare? Getting creative is great for babies and toddlers, but in February my twins will be 4 years old. I’m September they will start preK at their current daycare (private, no public preK here).

Not to mention both boys receive speech therapy services at school now, through Early Intervention. There is currently a shortage of providers, so they would not receive services if I took them out of daycare/school.

> My only argument here is your statement that IRAs beat a 401k. 401K is often match or beat an IRA in terms of fees.

As someone who has an IRA with public options that are lower fee than even TSP offers, your argument is objectively false.

and you don't always lose out on overtime when you switch to salary

You needed to buy in 2023 for the new credit. Hopefully you got a good deal on the car.

Tesla has been offering $7500 off if you take delivery before the end of 2022 likely because they saw sales drop off a cliff as people starting deciding to wait three or four more weeks for the new credit to kick in... did GM offer any great deals to move inventory?

Making 75 k gross and no other debt with todays interest rates then a mortgage of 225k would be a stretch with seven mouths to feed

You’re going to have to sell your house before buying a new one