federal

It looks like Gov JB should sign the new Illinois Green Energy Bill. I looked over the couple pages about EV rebates and noticed a few things. Full Bill Text Download: https://ilga.gov/legislation/102/SB/10200SB2408lv.htm 1. The $4,000 rebate applies to vehicles sold after July 1, 2022...

Is there any place where Tesla publishes their policy on calculating the 2019 Federal Credit for leased vehicles? Do they give full credit or only a partial credit? Does this calculation show up on the lease agreement? Thanks!

Hi there! I ordered my Model 3 on Saturday. So excited! I received the approval today and waiting for the delivery specialist to contact me. Since it is starting to get close to the 12/31 deadline, will I still be eligible for the FTC if it is delivered AFTER 12/31 (even if the order...

An article from La Presse (in French) (Google translate) states that Ottawa wants to offer a financial help for EV buyers. An announcement should be coming soon told Catherine McKenna at the Montreal Electric Vehicule Show. No detail yet on what exactly that means: is it a rebate, a tax...

Ive heard mixed messages about what the 7500 credit is. Some say it lowers your federal tax liability by $7500 but you don’t get a refund. Can anyone clarify? For arguments sake let’s say my federal tax liability is $0 will I get back $7500 tax refund from Uncle Sam? If that’s not indeed the...

Hi folks. Got my Model S a bit over a year ago. I believe we are eligible for $7,500 income tax credit (federal) as well as $1,750 (PA State rebate, first 250 applicants). I submitted these when I filed my taxes last year. I did get the $1,750 from the PA State, but have not heard back at all...

(Please only reply if you can speak with authority, or personal experience, on this topic. Thank you.) My business purchased an X in September of 2016. The vehicle is in the business's name and qualifies for the Hummer Deduction--so on that issue I'm good. I've looked at IRS form 8936 in an...

When it come to electrification of transportation, if it wasn't for Quebec, Ontario and British Colombia, Canada would be standing last alongside Saudi Arabia and a few other such «modern» countries. Daniel Breton tallies Canada's record on the subject. Not only Canada is dead last within the...