-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Claiming your 2023 Tax Credit
- Thread starter pray4n8
- Start date
NJturtlePower
Living the Dream, Driving the Future!
The form is authorized by a Tesla rep basically stating that your VIN was registered and submitted to the IRS.
You do not actually need this form for your filing, its for your records/proof only.
I filed for my 2023 Model X LR credit on 2/14 via TurboTax using IRS form 8936.
About Form 8936, Clean Vehicle Credit | Internal Revenue Service
Information about Form 8936, Qualified Plug-In Electric Drive Motor Vehicle Credit, including recent updates, related forms and instructions on how to file. Form 8936 is used to figure credits for qualified plug-in electric drive motor vehicles placed in service during the tax year.
All they ask for is your VIN and date the vehicle was put into service. The vehicle type/price is already pre-qualified by Tesla's filings.
Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit
If you purchased a qualifying vehicle and are looking to claim the Qualified Plug-In Electric Motor Vehicle Credit or Clean Vehicle Credit, you’ll use Form 8936 with your tax return.
turbotax.intuit.com
Great video series by the "Bearded Tesla Guy" covering both last year and this years point-of-sale credits.
Last edited:
fholbert
Active Member
Quoting myself here.
I had my taxes professionally done today. I brought up the tax credit issue, I made too much this year to get my $7,500 credit, but last year my adjusted gross income was under the $300k cap and we can go back a year.
He looked at me like I was wrong so I showed him what my wife found on the IRS web site.
He'd never heard of it, but read what she found and agreed it looked like a loophole for me. When he input it, the software pulled up last years return and gave me the $7,500 credit. Without that credit I was needing to write a check to the IRS for almost $6k, instead I got a refund.
Credits for new clean vehicles purchased in 2023 or after | Internal Revenue Service
You may qualify for a clean vehicle tax credit up to $7,500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.
Page 2:
Last edited:
Thanks for posting this. Although I don't have the worry of going over 300,000 for 2023 (unfortunately), this is good information since, as you note, accountants may not be up on this. Also, I really appreciate you like on the My Electric Car music video posting. I will have more songs to promote later, but concentrating on trying to get this one in front of people. When I sign on, its kind of hard to find. You seem to be seasoned veteran at posting in TMC. Do you have any tips for posting to increase views? Thank you!!!Quoting myself here.
I had my taxes professionally done today. I brought up the tax credit issue, I made too much this year to get my $7,500 credit, but last year my adjusted gross income was under the $300k cap and we can go back a year.
He looked at me like I was wrong so I showed him what my wife found on the IRS web site.
He'd never heard of it, but read what she found and agreed it looked like a loophole for me. When he input it, the software pulled up last years return and gave me the $7,500 credit. Without that credit I was needing to write a check to the IRS for almost $6k, instead I got a refund.
Credits for new clean vehicles purchased in 2023 or after | Internal Revenue Service
You may qualify for a clean vehicle tax credit up to $7,500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.www.irs.gov
Page 2:
View attachment 1023729
fholbert
Active Member
Last edited:
I e-filed it on 2/16 via Turbotax but got rejected on the next day. They said " The VIN does not match on their e-file database."
Later, I found out that we have 2 owners on the purchase contract and Tesla sent 15400 form to IRS under my wife's SSN but
Turbotax generated form 8936 under my SSN. I could not change my SSN on Form 8936 in Turbotax, so I have to go back to
Tesla account to regenerate the 15400 under my SSN.
Update: I was able to submit my returns via FreeTaxUSA again yesterday and it was admitted.
My wife spoke with Tesla Customer Service (call the sales branch), and they were aware of the issue. They were able to confirm my VIN and SSN were submitted to the IRS and after that I tried again for the 4th time in 3 weeks, this time successfully
My wife spoke with Tesla Customer Service (call the sales branch), and they were aware of the issue. They were able to confirm my VIN and SSN were submitted to the IRS and after that I tried again for the 4th time in 3 weeks, this time successfully
Great to hear that. It's has been 16 days since they accepted my return. They are still processing it.
It seems like there are checking with DMV that make sure it's not a fraud . It might take more than 3 weeks, I guess.
Silicon Desert
Well-Known Member
Just when I thought I'd seen just about everything in my long life..... this comes along. CUTE
NJturtlePower
Living the Dream, Driving the Future!
OrbiterTI4
Member
This update helps give context - I'm at day 19 of "EFile Return Accepted, Refund Not Yet Approved" and was wondering what timelines others were seeing.UPDATE: Received my Federal $7500 plus some on 3/6 as well as my NJ state refund on 3/5.
Filed both on 2/14 via TurboTax... Only 21-days total.
Thanks for the update.UPDATE: Received my Federal $7500 plus some on 3/6 as well as my NJ state refund on 3/5.
Filed both on 2/14 via TurboTax... Only 21-days total.
I usually received my federal refund less than 12 days.
I guess the ev credit causes some delay.
Wow, I watched and the amount of thought and effort that she put into that was really impressive. Almost as good as my video
What a great halloween costume that would be! I thought about having my black cat with me during my video, but I knew she wouldn't stay still for the shoot. That would have made it viral for sure.
OrbiterTI4
Member
My first filing attempt on Feb 16 was rejected. I realized I needed to generate the 15400 form on my Tesla account, so after doing so and refiling I received an email notification that my return was accepted. I've been waiting for the return since then and regularly logged into the "where's my return" portal on the IRS website, which surprisingly stated "submitted" instead of "accepted." Today, I found out that the IRS adjusted my return without the $7,500 tax credit (I noticed a pending deposit in my bank account, exactly $7,500 less than what it should've been). The IRS portal states they are going to mail a notice that explains the changes they made to my tax return by Mar 25. I'm currently on my second phone call with the IRS trying to resolve the situation now instead of waiting for their letter.
Silicon Desert
Well-Known Member
Hmmm, I never needed to do anything in my Tesla account about a 15400 form. Filed my fed taxes, the IRS side pretty much immediately indicated "Received". I think that is what you mean by "submitted". Never saw anything that read "Accepted", however within a couple hours I saw "Refund Approved", and got the money within a week. In fact, by now being retired and on social security, we don't even make enough from SSI to get any of the $7,500 credit, so I removed a LOT of money from our IRA (tax free due to the credit) in order to gain the full $7,500 credit.
Hoping you will be able to get this resolved and get your credit
Thanks for sharing. It looks like take more than 4 weeks to get the refund In TX due to the Ev credit claim.
I think it will also take more than 4 weeks in CA.
Do you know how much you owe the IRS? Maybe you don't owe enough money to get the credit.
I will post the update as soon as I have one.
