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That's the goal. The House is expected to vote on Friday. But that's not the critical date - the Act only becomes effective when Biden signs it which, if the House goes Fri, wouldn't be until next week. Still not much time, but at least it gives us a couple extra days.

It's a tax credit, not a rebate. Therefore, a person only gets the credit if s/he owes money in taxes, and the individual taxpayer is only getting a tax break (i.e., paying $7500 less in taxes). If I have a $20000 tax liability, I only have to actually pay $12500. If I only owe $5000 in taxes, I...

It's a tax credit, not a rebate. Therefore, a person only gets the credit if s/he owes money in taxes, and the individual taxpayer is only getting a tax break (i.e., paying $7500 less in taxes). If I have a $20000 tax liability, I only have to actually pay $12500. If I only owe $5000 in taxes...

That's my understanding.

Correct

The amount of the credit is the same regardless of the type of vehicle. The distinction between vehicle types is only relevant in determining whether your vehicle qualifies for the credit. The Act specifically lists Vans, SUVs, Pickup Trucks, and Other, with Vans, SUVs, and Pickups having the...

I mostly agree. Yes, the IRS will have to update its forms; but, I read that language ("at such time, and in such form and manner, as the Secretary of the Treasury, or the Secretary’s delegate, may prescribe") to also mean that the IRS will have to decide whether you get the credit in the filing...