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tax

  1. J

    Master Thread: Energy products and Tax discussions

    Moderator note: Creating this master thread for discussions of energy products and Taxes, as this question comes up frequently (especially around the end of the year). Because of the way the forum software works, if we take separate threads and merge them, the software merges posts by date, so...
  2. thomas.rueesch

    Wrong Power declaration by TESLA leads to re-payable Tax??!!

    Hi Together Today I got a letter from the local Vehicle registration office (live in Switzerland), telling me I have/had wrong power specs in my registration papers and I need to replace the registration paper, due to TESLA sent corrected power specs. ...after more than 10years!...leading to a...
  3. J

    Va rebates?

    So i just ordered a MY. This is my first EV. Does VA offer an type of rebates or incentives for buying EV? Just don’t want to miss out on anything. Thabks
  4. D

    How to defer tax by reducing short term capital gain using call spread.

    Moderator comment added at the request of @Davidzhao365. Summary: this doesn't work, there is a special IRS rule against it. The blue text is what he asked to add. --ggr. Options traders use option spreads containing offsetting positions to limit risk and provide a reasonable opportunity to...
  5. S

    Acceleration boost in Ontario?

    Hey - for those who have purchased the Acceleration boost for LR AWD in Ontario, does the $2700 include tax, or is it actually $2700 + tax? I’m definitely going to buy it after my next pay check, I just want to know what’s going to go on my credit card.
  6. B

    VAT cut in emergency budget? Just ordered

    I ordered my first Tesla, a model 3 LR, last week with estimated delivery this month so I expect I'd be contacted this coming week if delivery will be made on time. This morning, the sunday papers are running with the story that Rishi is likely to cut VAT and even zero rate some products - to...
  7. W

    lease and federal tax credit for Model 3 delivered in 2019

    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!
  8. A

    How to buy a vehicle in AB to save sales tax?

    Hey! I am a BC resident where sales tax is 15% for Model 3 Performance. I would love to buy the vehicle from Alberta (get Alberta plates), save the sales tax and drive it to BC (Register in BC afterwards). Is this possible? Do I need a Alberta License to buy a vehicle in Alberta? Do I need...
  9. MichaelP90DL

    Tesla needs to get its financial house in order.

    Tesla lost over $702 million in the first quarter of 2019. I'm surprised that this news is apparently not an article on TMC. Elon Musk reportedly laid blame on the decline of federal tax credits, complained that people don't like buying cars in winter and said Tesla is facing more competition...
  10. bugboy

    Thuisladen en zakelijk verrekenen

    Ik krijg over een aantal weken mijn eerste Tesla en ik wil graag thuis kunnen laden. Maar ik wil die kosten natuurlijk wel ten koste van mijn eenmanszaak brengen. Hoe kan ik dit doen, zonder in de problemen te komen met de belastingdienst. Ik had zelf de volgende opties: Gewoon 3-fase lader...
  11. P

    Research: Will imposing tax on Tesla cars really improve air pollution?

    Tesla Vehicles do not emit any gaseous pollution on streets because they are battery-powered, unlike other conventional private cars which work on combustion engines. It is interesting to see that despite knowing the severity of the roadside pollution in different traffic-prone areas, the...
  12. S

    Tax in Georgia

    I was wondering if anyone in Georgia knows the tax rate for the Model 3. I know it's 7%, but it's based off of a registry, right? But what will it get taxed on? I've put on order a fully loaded AWD Model 3, which comes out to $63,500. Will it be 7% on the rear wheel without EAP/FSD?
  13. sooner

    Percentage of People Deferring

    This is an important number for a late reservation holder like myself (August, 2016), as the reservation numbers certainly skew positively on March 31, 2016, and weened off to a trickle after the first several days of it being live. (For those who do not know what a positive skew is...
  14. M

    EV/Tesla Tax Credit Eligibility

    I had a question about eligibility for the EV/Tesla tax credit. From what I hear, your tax liability needs to exceed the credit amount (in this case $7,500) in order for one to receive the $7,500 refund/credit. What is the definition of tax liability - is it total taxes paid/due for the entire...
  15. mwu

    Yet Another Cost Calculator

    I made my own cost calculator based heavily on one I found somewhere (I can't remember where -- if you recognize it, please tell me so I can give credit). The justification for yet another calculator was to review monthly expenses the car would bring to convince myself and my wife that we could...
  16. singleview

    What's the deal with the state/federal incentives?

    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...
  17. Buster1

    Delivery Extended: Tax Credit Implications?

    Guys, I apologize, I have read through a bunch of tax threads but cannot find the answer I need. My "Late Nov Delivery" was just pushed back on the My Tesla webpage to "December - Early January." Aside from being sad about this, what does that do to my Tax Credit if we were to take delivery in...
  18. X

    Federal Tax Credit and Tesla buy-back

    In 2016, I purchased a MX and claimed the Federal Tax Credit of $7500 for the purchase. For various reasons, I ended up requesting a buy-back from Tesla, and they agreed (all on good terms.) Are there are requirements regarding the 2016 tax credit that I may need to consider? Looking at the tax...
  19. MelaniainLA

    Time running out for Model X 2017 *massive* business-use tax deduction

    Hi everyone, As some of you are aware from previous threads here and on Forums and Reddit, because the Model X has a weight (GVWR, which is printed on a sticker on inside of frame on driver's door) of greater than 6000 lbs, it qualifies as a commercial heavy-duty vehicle, not as a passenger...
  20. J

    Oregon EV Tax Rebate

    I'm hoping someone here might have some knowledge about this. Oregon just signed into law a transportation bill that includes a tax rebate for electric vehicles effective the beginning of the year, 2018. The rebate is up to $2,500. I'm trying to find out in what scenarios this new rebate can be...
  21. cbutters

    Taking delivery of a Tesla in Utah?

    Utah Model 3 Reservation holder here. As we've seen in the news, Tesla lost the right to sell in Utah unfortunately. Are there any Utah guys here who have taken delivery of a Tesla? My questions: A) When I take possession of the Model 3, will they ship it to me? And is that included in the...
  22. KBurbridge14

    Business purchase and the $7500 FEDERAL tax credit

    (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...
  23. Nerdy_Engineer

    H&R Block Tax Credit Issues

    I tried doing my taxes this weekend using H&R Block (I always TurboTax in previous years). I decided to use H&R Block for the 10% Amazon refund bonus. It's not worth the headache. The only EV tax credit that H&R Block seems to support is the $7500 federal tax credit (30%). It does not support...
  24. L

    Model X + Personal Property Tax = Expensive

    *I know a lot of you already know about personal property taxes, my wife and I have had to learn all of this stuff on our own. Just thought I'd throw this out there as people moving to VA with a Tesla (or any expensive car) might want to know about the personal property tax situation here. In...
  25. G10zz

    Financial Question for Louisiana

    Hello Everyone, I have been wondering about a few things, so I wanted to post this to see if anyone has had any experience with this. I live in Lake Charles, Louisiana and will be picking up the car in Houston on Friday since we do not have any Tesla centers in Louisiana. 1) First off, I...
  26. plasmo

    Is there (still?) a tax credit if you install 14-50 charger in your home?

    I read that this might have ended, but does anyone know if there is a tax credit if you were to install a 14-50 charger outlet in your home? I will be installing two 14-50 outlets in my garage from my fuse box in the basement, which will cost around $2300 and was wondering if anyone got a tax...
  27. C

    EV Sales/Registration/etc tax

    From a tax perspective , i would like to know how much people in each state pay. Basically the amount other than what you pay TESLA. * State sales tax/ excise etc any kinda amount you pay while registering your car. * Taxes when buying used ev. * Taxes when buying from a private party. * Are...
  28. C

    What tax incentives exist in the UK?

    Hi, I was hoping someone could tell me what incentives exist in the UK for buying an EV? Also will there be any not so obvious costs such as import tax or are these costs included in to the price?
  29. W

    Federal tax credit when moving to the US

    Hi everyone, I am about to move to the US and intend to get the Model S as my car. Very excited about it! I am not entirely sure when exactly I will "officially" be in the US from a tax perspective as it depends on how long it takes to get my visa and such sorted out. I would expect it to...
  30. youpidou

    Owner paying higher tax for Roadster than for Ferrari in CH

    A recent article in a Swiss newspaper explained how a Roadster owner in canton Aargau is paying higher taxes for his e-car than for his Ferrari F355... Fortunately, this is not the case in other Swiss cantons. But still ... How crazy is that? :cursing:
  31. R

    2012 IRS Form 8936, limit $2500 per vehicle?

    It appears that the most current IRS Form 8936 (2012) tells you to limit the credit to $2500 per vehicle, see line 17 below: Tesla says the credit is $7500. Which is it?
  32. DITB

    2017 FRT Renewal

    HK FRT - what comes after 1-4-2014? The FRT exemption was extended five years in 2009 (which means last chance is March 31st, 2014 as it stands). Where to go from here? HK will want FRT on EVs as well, eventually, but how? It is not just about imports - it is also about responsibility. Your...
  33. M

    News item on vehicle miles taxation for EVs

    http://www.cnbc.com/id/100359287

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