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IRS Tax Credit - can you file for credits on two different Tesla cars?

Discussion in 'Model 3' started by MX1000, Jul 26, 2017.

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  1. MX1000

    MX1000 New Member

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    I was curious if anyone knows for sure or have experienced buying two Tesla's (I supposed it could be any two EV's) in the same year. And would you be able to get two $7500 credit towards your taxes (for a total of $15000)? Or is there a limit of one credit per taxpayer per year? Thanks.
     
  2. SageBrush

    SageBrush Active Member

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    No limit, so long as you have enough tax liability
     
  3. MX1000

    MX1000 New Member

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    So it would seem that there has to be enough federal tax liabilty to cover $15k for two cars. If both cars are registered under the wife's name and my name jointly, then I would assume that either can claim one or both? Would it be best to put both names on both cars or only one on each?

    I live in CA and their state rebate has an income limit. I am not sure how this will play out with state lawmakers right now. Would this be independent so that if one person who has enough tax liabilty to claim both on IRS but now makes more than state limit, can the other person claim both cars for CA?
     
  4. smartypnz

    smartypnz Supporting Member

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    Thinking name on the title
     
  5. SageBrush

    SageBrush Active Member

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    Do you file jointly ?
    But to go back to your OP, the answer was related to the Federal tax subsidy which does not have an income limit. At least I think not, but a CPA would have to chime in to be sure that AMT does not come into play.
     

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