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Reconciliation Bill and Estimated Delivery timing
- Thread starter Noflash
- Start date
Doesn't hurt to share your thoughts with your U.S. House representative (or Senator).
Here is a short copy and paste example email to submit on their website:
Feel free to share/ignore/edit/etc. it with your friends and family.
Find your rep here: Find Your Representative | house.gov
Here is a short copy and paste example email to submit on their website:
Feel free to share/ignore/edit/etc. it with your friends and family.
Find your rep here: Find Your Representative | house.gov
Hello everyone. Long time looker and first time poster, literally I joined the forum to become more familiar with Tesla and particularly the model 3. I am ready to purchase a new Model 3. I have been following the purposed bill closely. It is also why I have not ordered already. I am unclear if the EV credit will be applied to purchase price or as a tax credit (to remove tax liability not as a refund). If it is the latter I believe it would be beneficial to push purchase to 2022 and adjust withholding throughout the year to take advantage of the $10,000 credit. My current tax situation nets my family a refund every year so the new tax credit would do me no favors. I don't believe I could create $10,000 of tax liability from 9/27 to end of year. Or, am I viewing this all wrong?? I'm glad to be part of the community and look forward to learning from all of the members here.
I joined the forum to become more familiar with Tesla and particularly the model 3. I am ready to purchase a new Model 3. I have been following the purposed bill closely. It is also why I have not ordered already. I am unclear if the EV credit will be applied to purchase price or as a tax credit (to remove tax liability not as a refund). If it is the latter I believe it would be beneficial to push purchase to 2022 and adjust withholding throughout the year to take advantage of the $10,000 credit. My current tax situation nets my family a refund every year so the new tax credit would do me no favors. I don't believe I could create $10,000 of tax liability from 9/27 to end of year. Or, am I viewing this all wrong?? I'm glad to be part of the community and look forward to learning from all of the members here.I don't think that your withholding is the important part, the issue would be your total tax liability. If you've owed >$10k in federal taxes, you could get the full refund. If you've owed less than that, you will likely only be able to get that portion.Hello everyone. Long time looker and first time poster, literally
I say "likely" here, as this is based on how the EV credit worked before. Other options are possible, as the solar credit could be spread over multiple years, but I haven't heard anything about that being considered for the EV credit.
Looks like the bill is now in jeopardy...
www.politico.com
Manchin to Dems: Pause social spending plan
The West Virginia Democrat said in a WSJ op-ed that he would not support the $3.5 trillion package “or anywhere near that level of additional spending” without further clarity.
www.politico.com
Spidey616
Member
As a West Virginian I can say this is typical Manchin. He’ll likely cave after he gets some press time and pressure from Schumer and Biden. Dude just likes to look like a rebel to keep his constituents slightly happy.Looks like the bill is now in jeopardy...
Manchin to Dems: Pause social spending plan
The West Virginia Democrat said in a WSJ op-ed that he would not support the $3.5 trillion package “or anywhere near that level of additional spending” without further clarity.
Anyone in the past have success deferring delivery dates out a month or two? I'm currently sitting on November delivery date. If they pass the EV bill tomorrow, then it would be advantageous to try and defer delivery until 2022.
I imagine the queue is still quite deep (my Nov model Y reservation is from May), and if they pass the EV bill it will just get even longer. So if the bill passes and my Nov delivery date holds, it would be an $8k benefit to defer delivery until 2022, but then I incur the risk of waiting X months in 2022 before coming back up in line.
I've heard you don't go to the end of the line if you defer your delivery date, but seems risky.
I imagine the queue is still quite deep (my Nov model Y reservation is from May), and if they pass the EV bill it will just get even longer. So if the bill passes and my Nov delivery date holds, it would be an $8k benefit to defer delivery until 2022, but then I incur the risk of waiting X months in 2022 before coming back up in line.
I've heard you don't go to the end of the line if you defer your delivery date, but seems risky.
I'm in the same situation, @stevehollx. I could use the car as soon as it is ready. But an $8000 difference is pretty substantial. Originally the language was retroactive, but the current version seems to start in 2022. That has got to mess with GM and Tesla. Still unclear if this version (or any version) will pass.
Makes no difference for the current situation.Doesn't hurt to share your thoughts with your U.S. House representative (or Senator).
Here is a short copy and paste example email to submit on their website:
Feel free to share/ignore/edit/etc. it with your friends and family.
Find your rep here: Find Your Representative | house.gov
The only representative that needs to be contacted by constituents is Manchin.
You can order the car now. If you order the car now you won't get it until 2022, if the tax credit passes you will be able to take advantage of it at that time. The tax credit applies to when you take delivery, not when you place the order. If the tax credit passes there is probably going to be a huge number of orders, if you order now you should get in front of all those orders and get your car earlier.
My order is on hold at the moment, I'm waiting to see what happens with the tax bill. I'm not sure how far Tesla will let me delay the delivery if I want to wait until 2022.
TMY7ST
Member
Im also waiting to see if the bill will be retroactive as well to make a decision to hold until 2022 or keep EDD 11/30-12/10
You have to be a bit careful as there is a chance you might jump the line and also if there are a lot of Q4 deliveries putting their order on hold. You will move up quickly.
How did you place your order on hold? I can't seem to figure it out.
Spidey616
Member
Perfect, thanks. I was able to place my order on hold until end of October. Will have some more information hopefully before then whether to extend it or release it.
TMY7ST
Member
Problem is I am after a Model 3 Performance. The web site has delivery in November for that particular model. My SA sent me a text yesterday saying they had some Model 3s on the lot and asked if I would be interested in any of them rather than build and wait.
I read somewhere the max allowable price tag for a sedan is $55k to be eligible for incentives under the proposed new bill? Has anyone else seen this or can anyone speak more on this? I'm set on the performance model which has a purchase price of $56,990 ($1,990 over) If this is true, I might as well go ahead and order now since the performance wouldn't qualify. Thoughts??
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