It depends on a lot of factors but using this calculator (https://www.hrblock.com/w-4-calculator/) married couple filing jointly making $100k each with no dependents would owe ~$24k with the standard deduction
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Tax credit 2023 [The tax credit discussion thread]
- Thread starter CrazyRabbit
- Start date
According to the calculator ~$10.4k but you can input your specific info for more accurate estimate
Maybe this was posted earlier, but here is the IRS form a dealer can use to provide the customer with the required info. It's clear from earlier posts, automakers/dealers can use whatever format they'd like as long as the required info is provided.
I'm looking forward to receiving my doc from Tesla in the next few weeks.
I'm looking forward to receiving my doc from Tesla in the next few weeks.
Mine isn’t yet, unless I’m looking in the wrong place. I’m looking in my account under Manage>Documents. I’ve never seen a “Glovebox” as some have referenced. But I know Tesla does some things in rolling waves, so I’m not worried.
That's the only way that I know to look at any documents. Others may find them elsewhere. I don't think you can access them on the app. Tesla has lot's of inconsistent, convoluted ways of doing things.
Correct, just go to tesla.com and sign into your account. Then, under the vehicle click on Manage then Documents. Yeah, they'll get around to you. For what it's worth, I just got the Holiday update to 2023.44.30.4 last night. Many got it over the weekend and earlier this week.
Have a questions about the following language: "You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less."
I qualify in 2022 taxes as Head of Household but won't qualify in 2023 as a single filer (divorced with a child with 50/50 custody and we alternate head of household on taxes each year).
Will I qualify using my 2022 taxes or will the IRS use my current single filer status and apply that standard to my 2022 taxes (I would not qualify)?
I qualify in 2022 taxes as Head of Household but won't qualify in 2023 as a single filer (divorced with a child with 50/50 custody and we alternate head of household on taxes each year).
Will I qualify using my 2022 taxes or will the IRS use my current single filer status and apply that standard to my 2022 taxes (I would not qualify)?
The combination of your 2022 status and income is valid.
Frequently Asked Questions About the New, Previously-Owned and Qualified Commercial Clean Vehicles Credit | Internal Revenue Service
Well I still haven't gotten my Form 15400, but I won't panic. As long as Tesla notifies the IRS by Jan 15, 2024 (for all I know they already have), it doesn't much matter when if ever I see a Form 15400 as the IRS wouldn't have any idea if I got it? I definitely qualify so I can't imagine taking a credit on my return would be rejected somehow due to a missing document.
Yah, it doesn't matter if you get it...
But it does matter if the IRS gets the 15400 (the missing document being the one from Tesla to the IRS)
ucmndd
Well-Known Member
You sure will show them, calling them to ask for a document you don’t need and can’t even use yet.
What a productive use of everyone’s time.
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