Silicon Desert
Well-Known Member
Do you mean surprise "LOWER" income?I thought I was going to miss the $7,500 credit because of some surprise income, but today my wife saw this.
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Do you mean surprise "LOWER" income?I thought I was going to miss the $7,500 credit because of some surprise income, but today my wife saw this.
The form is authorized by a Tesla rep basically stating that your VIN was registered and submitted to the IRS.I generated the form, but how do I determine that Tesla indeed submitted the form to the IRS?!
Quoting myself here.I thought I was going to miss the $7,500 credit because of some surprise income, but today my wife saw this.
You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in one of the two years, you can claim the credit.
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
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No one has done a Cat Girls and Tesla’s thread. Maybe there's a reason…Do you have any tips for posting to increase views? Thank you!!!
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."Same situation here.
I actually found out about the fiasco from a rejection via freetaxUSA.
I generated my document, but the Form 15400 is not something the taxpayer submits to the IRS, it's on Tesla to do it.
Pretty frustrated right now and Tesla has been incredibly quiet about this.
ddSame situation here.
I actually found out about the fiasco from a rejection via freetaxUSA.
I generated my document, but the Form 15400 is not something the taxpayer submits to the IRS, it's on Tesla to do it.
Pretty frustrated right now and Tesla has been incredibly quiet about this.
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
Just when I thought I'd seen just about everything in my long life..... this comes along. CUTE
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.
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.
Did you get your refund approved yet? ThanksThis 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.
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.
Thanks. I will post the update as soon as I have one.Not yet.
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.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.
Thanks for sharing. It looks like take more than 4 weeks to get the refund In TX due to the Ev credit claim.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.