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Tax credit 2023 [The tax credit discussion thread]
- Thread starter CrazyRabbit
- Start date
Looks like IRS updated their webpage and Model 3 and Y are still on the list of eligible vehicles.
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
Does anyone know the obvious differences ? I guess I don't care as long as my 5 seater Model Y still qualifies ..
Not sure anything updated - the news release pages shows nothing new
www.irs.gov
Inflation Reduction Act of 2022 | Internal Revenue Service
Inflation Reduction Act changed a wide range of tax laws and provided funds to improve our services and technology to make tax filing faster and easier.
vinny84
Member
The purchase price should be under $80k for Model Y. I believe both 5 and 7, LR and P qualify for tax credit.
vinny84
Member
Updated date on IRS webpage shows today’s date.Not sure anything updated - the news release pages shows nothing new
Inflation Reduction Act of 2022 | Internal Revenue Service
Inflation Reduction Act changed a wide range of tax laws and provided funds to improve our services and technology to make tax filing faster and easier.
GreenCoffee
Member
Topic C — Frequently asked questions about when the new requirements apply to the New Clean Vehicle Credit | Internal Revenue Service
Frequently asked questions about when the new requirements apply to the New Clean Vehicle Credit
This page has not been updated since the beginning of last month and question 4 is the relevant one.
Sales at tesla said the only model thats most likely losing the eligibility is the standard model 3 since the battery is made in china. Anything else still valid for now until March 31, and depends on any new updates from IRA on or after April 1, that might change but in between now and mar 31, everything will be qualify for the rebates - under 55k for model 3 and 80k for the model Y.
I went to the shop on sunday and just took whatever is available before the deadline and im taking delivery tomorrow.
hope it helps.
I went to the shop on sunday and just took whatever is available before the deadline and im taking delivery tomorrow.
hope it helps.
thefisch
Member
Could be wrong but it looks like they added a couple of 2024 models, one being the GV70.Looks like IRS updated their webpage and Model 3 and Y are still on the list of eligible vehicles.
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.
GreenCoffee
Member
Treasury to release EV tax credit guidance next week
The guidance will determine which electric vehicles are eligible for tax credits of up to $7,500 from the Inflation Reduction Act.
www.eenews.net
Well they still have a couple of days this week left to issue guidance.
GreenCoffee
Member
US and Japan make trade deal for battery minerals ahead of IRS decision
The United States and Japan have struck a trade deal for battery minerals, according to Reuters. This deal could potentially...
electrek.co
Does this mean all Panasonic batteries are covered?
Topic C — Frequently asked questions about when the new requirements apply to the New Clean Vehicle Credit | Internal Revenue Service
Frequently asked questions about when the new requirements apply to the New Clean Vehicle Credit
This page has not been updated since the beginning of last month and question 4 is the relevant one.
Credits for New Clean Vehicles Purchased in 2023 or After | Internal Revenue Service
Also: Page Last Reviewed or Updated: 25-Jan-2023
Treasury to release EV tax credit guidance next week
The guidance will determine which electric vehicles are eligible for tax credits of up to $7,500 from the Inflation Reduction Act.
Well they still have a couple of days this week left to issue guidance.
I think Biden will announce on Friday.
GreenCoffee
Member
White House adviser John Podesta at a conference on Tuesday said the guidance will be issued by Friday after noting the administration missed the Dec. 31 deadline set under the law. "It's complicated," Podesta said.
May end up screwing around with leasing... ridiculous - if dealers get the credit so they can pass it on thru leasing, then they'll gouge most of it thru higher prices or worse lease terms! Maybe not Tesla - but definitely ford, toyota, etc......... Also - why the F.. should Hertz etc get the full credit and individuals not? Hertz has lobbyists I guess..
Edit: F*** Manchin, what an AH
Edit: F*** Manchin, what an AH
Now that we're down to the wire is it safe to assume my Y EDD of 3-31 to 4-15 is not going to qualify unless I get a miracle VIN tomorrow/Fri? It's a base 7 seaterTreasury to release EV tax credit guidance next week
The guidance will determine which electric vehicles are eligible for tax credits of up to $7,500 from the Inflation Reduction Act.
Well they still have a couple of days this week left to issue guidance.
Any updates? 1 day left. I have postponed my used X delivery just in case Y comes thru tomorrow.
I did see 3rd row in inventory but it disappeared pretty quickly. I wonder if TSLA wont match VIN b/c it knows I have an X on order too. Y EDD 3/31-4/15 (tax day!)
I did see 3rd row in inventory but it disappeared pretty quickly. I wonder if TSLA wont match VIN b/c it knows I have an X on order too. Y EDD 3/31-4/15 (tax day!)
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