electrikcuban
Member
You'll have to fill a form at tax time next year to report it and get the credit. I'm sure Tesla reports the sales to the IRS anyway.
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Discussion : All discussion regarding Model 3 and Tax credit in model 3 subforum
- Thread starter mapman
- Start date
No, its actually not confusing, because there is no tax credit for Tesla for 2022. If you bought your car in 2022, no credit, very simple.
Hey everyone! First time poster. As I'm sure many of you are aware, there is a new 2023 Electric Vehicle Federal Tax credit available. Since taxes are almost due, I had some questions about my situation.
I bought my Tesla Model Y in April of 2021, and at the time, I didn't qualify for the Federal Tax Credit since Tesla already sold their first 100,000 vehicles, which were the only ones applicable for the Federal Tax Credit.
Now that this new 2023 Tax Credit happened, I can't find any information on people qualifying for it using a vehicle purchased in a previous year. Most the articles talk about buying a car going forward, but not many people talk about if you bought a car in a previous year. Do you know if I could apply for it? Anyone have any relevant information about it? Lots of articles don't mention it, but this Edmunds one mentioned it a bit, but didn't really give any good information about my situation. Would love some help with this one!!
I bought my Tesla Model Y in April of 2021, and at the time, I didn't qualify for the Federal Tax Credit since Tesla already sold their first 100,000 vehicles, which were the only ones applicable for the Federal Tax Credit.
Now that this new 2023 Tax Credit happened, I can't find any information on people qualifying for it using a vehicle purchased in a previous year. Most the articles talk about buying a car going forward, but not many people talk about if you bought a car in a previous year. Do you know if I could apply for it? Anyone have any relevant information about it? Lots of articles don't mention it, but this Edmunds one mentioned it a bit, but didn't really give any good information about my situation. Would love some help with this one!!
Electric Vehicle Tax Credits 2024: What You Need to Know | Edmunds
How does the electric car tax credit work? Read our analysis, plus see a full list of cars that qualify for an EV tax credit. We also cover how you can get the credit as a discount when buying or leasing.
www.edmunds.com
Thats because it doesnt apply in that circumstance, full stop, do not pass go.
Its not applicable for cars purchased in a previous year, so no, people who bought a car in 2021, or 2022, or anytime before Jan1 2023 are not eligible to apply for this tax credit.
BigNick
Infamous Fat Sweaty Guy
Tesla did not qualify as the standard was the benefit was eliminated after the manufacturer went over 200k in cars sold and I am sure Tesla beat that number years ago.Hey everyone! First time poster. As I'm sure many of you are aware, there is a new 2023 Electric Vehicle Federal Tax credit available. Since taxes are almost due, I had some questions about my situation.
I bought my Tesla Model Y in April of 2021, and at the time, I didn't qualify for the Federal Tax Credit since Tesla already sold their first 100,000 vehicles, which were the only ones applicable for the Federal Tax Credit.
Now that this new 2023 Tax Credit happened, I can't find any information on people qualifying for it using a vehicle purchased in a previous year. Most the articles talk about buying a car going forward, but not many people talk about if you bought a car in a previous year. Do you know if I could apply for it? Anyone have any relevant information about it? Lots of articles don't mention it, but this Edmunds one mentioned it a bit, but didn't really give any good information about my situation. Would love some help with this one!!
Electric Vehicle Tax Credits 2024: What You Need to Know | Edmunds
How does the electric car tax credit work? Read our analysis, plus see a full list of cars that qualify for an EV tax credit. We also cover how you can get the credit as a discount when buying or leasing.www.edmunds.com
I don't know how...but one of my Indian colleagues just received $7500 credit for the model 3 LR he bought in 2022...
Perhaps by falsely claiming the credit which did not exist on teslas that year, and hoping they dont get audited?
I mean you can submit the IRS form but I would think it will not work. Unless they massaged the dates/years.
Toyota.
Enter the following percentage if the vehicle was manufactured by Toyota.
Tesla.
Enter the following percentage if the vehicle was manufactured by Tesla.
GM.
Enter the following percentage if the vehicle was manufactured by GM.
I am guessing somewhere in the entries they modified the percentage. either the year or just the percentage. if they do like their own taxes they probably submitted it. I would think the audit is coming. it may be a bit but its coming.
Line 4b
Enter 100% unless the vehicle was a vehicle with at least four wheels manufactured by Toyota, Tesla, or GM (Chevrolet Bolt EV, etc.).Toyota.
Enter the following percentage if the vehicle was manufactured by Toyota.
- 100% if you purchased it before October 1, 2022.
- 50% if you purchased it after September 30, 2022, but before 2023.
- 100% if you purchased it after 2022.
Tesla.
Enter the following percentage if the vehicle was manufactured by Tesla.
- 0% if you purchased it before 2023.
- 100% if you purchased it after 2022.
GM.
Enter the following percentage if the vehicle was manufactured by GM.
- 0% if you purchased it before 2023.
- 100% if you purchased it after 2022.
I am guessing somewhere in the entries they modified the percentage. either the year or just the percentage. if they do like their own taxes they probably submitted it. I would think the audit is coming. it may be a bit but its coming.
E90alex
Active Member
I would've actually purchased the M3P in Red but instead went for RWD because of that. Sigh.
At this point I just hope my M3SR shows up before the 18th.
If it arrives at the delivery center and I find issues - should I deny delivery and risk losing the 7500 or should I accept and then immediately take it to the service center?
BigNick
Infamous Fat Sweaty Guy
You could forfeit the $250 order fee, cancel the RWD order, and order a Red M3P now and come in at $54990, and not have to worry about April 18 (only the RWD credit will drop to $3750 then.)
E90alex
Active Member
Might be able to contact Tesla to change the order instead of cancelling and reordering if that’s the case.
E90alex
Active Member
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