Tax credit 2023 [The tax credit discussion thread]

[ngng]

Hi all. Been looking for an answer to this, and have been hard-pressed to find it.

If I purchase a MYP (income over federal tax credit limit) and have my sibling on title (who in fact is under the income limit), can either she or I claim the $7500 federal credit?

I know that we can’t split the credit, but I haven’t found an answer as to whether I can claim it despite being above the income limit, or if she can

Thanks all!

Title doesn't mean anything. What does the seller's report say?

 

[Kobe8]

Title doesn't mean anything. What does the seller's report say?

Haven’t purchased the car yet. Looking for the best option to take advantage of the 7.5k

 

[ngng]

Haven’t purchased the car yet. Looking for the best option to take advantage of the 7.5k

Whoever is on the seller's report is who can claim the credit.

 

[Dubalina]

Two weeks ago when I was looking at Tesla.com on the Model Y order page, they definitely inferred that the Model Y would likely lose some of the tax credit. I just looked and it no longer states that. Evidently, electrek saw that also as they quoted it

Tesla signals Model Y also losing full $7,500 tax credit

Customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a tax credit up to $7,500. Reductions likely after Dec 31. Only for eligible cash or loan purchases.

They provide no screenshot or web archive. It’s the same general statement they have on their home page. I checked the wayback archives and can’t find this statement specifically on the Model Y page like the story claims. Only the one saying that currently all MYs qualify. A comment on that story is the same as my experience checking the website over the last few weeks.

The Y could lose the credit for sure, we don’t know, but unless there is a sceeenshot or web archive showing this on the Model Y page I don’t believe Teslas has hinted at anything yet.

I found the quote from the article. It is on the financing drop down. It is the same verbiage for the Model 3, the Model Y, and the Model X. It appears to be a general statement that does not indicate that the model Y will lose the $7,500 credit. The RWD Standard Range Model Y does not use the LFP battery so there is no reason why it would lose the credit. Possible this article is a bit of "click bait".

 

[vickh]

AFAIK Per all the info posted here and on Tesla.com that will be for SR M3 and maybe SR MY. I'm looking at the LR editions

They provide no screenshot or web archive. It’s the same general statement they have on their home page. I checked the wayback archives and can’t find this statement specifically on the Model Y page like the story claims. Only the one saying that currently all MYs qualify. A comment on that story is the same as my experience checking the website over the last few weeks.

The Y could lose the credit for sure, we don’t know, but unless there is a sceeenshot or web archive showing this on the Model Y page I don’t believe Teslas has hinted at anything yet.

Yep. I only see 3rd party articles on the Y. Nothing from TSLA

 

[ucmndd]

Okay. Tesla is probably just using scare tactics to get people to buy before year end

The Model 3 RWD and Long Range, which are the two cars they’ve said will be losing the tax credit, use Chinese cells in the battery pack. There’s no question or fear mongering - the cars as they exist and are sold now, with those battery packs, are absolutely not eligible for the tax credit in 2024.

 

[vickh]

The Model 3 RWD and Long Range, which are the two cars they’ve said will be losing the tax credit, use Chinese cells in the battery pack. There’s no question or fear mongering - the cars as they exist and are sold now, with those battery packs, are absolutely not eligible for the tax credit in 2024.

How about the Y trims?

 

[ucmndd]

How about the Y trims?

All currently sold Model Y use 2170 cells from Gigafactory Nevada. So they should remain eligible based on what we know now.

 

[vickh]

All currently sold Model Y use 2170 cells from Gigafactory Nevada. So they should remain eligible based on what we know now.

Perfect I guess it'll get messy if TSLA switches in the future, but hopefully I'm good to go with a 1/24 p/u

 

[ucmndd]

If I purchase a MYP (income over federal tax credit limit) and have my sibling on title (who in fact is under the income limit), can either she or I claim the $7500 federal credit?

She can, you can’t.

From a practical standpoint regarding purchasing a Tesla, you will need to be co-registrants on the vehicle. If you are financing with Tesla, they will require you to both be on the loan application and will pull both of your credit reports. They will also require you to both be present for delivery.

Your sister can claim the tax credit herself provided she meets all the requirements and income limits.

I did this a few months ago buying a car for my mom.

 

[J Neptune]

How are you guys getting the irs 15400 forms from Tesla. I didn’t find anything on the app or website. I called the dealership and got a generic response of Tesla dealerships don’t have irs form.

I guess Rockville Maryland dealership does not do it.

 

[PNWLeccy]

How are you guys getting the irs 15400 forms from Tesla. I didn’t find anything on the app or website. I called the dealership and got a generic response of Tesla dealerships don’t have irs form.

I guess Rockville Maryland dealership does not do it.

Just checked today and it was on my tesla account > Documents > "IRA Clean Vehicles Credit Report"

 

[flixden]

Dumb question: how do I send a message to Tesla support asking for this document?
I can't start a new conversation under "messages" in the app, and I can't find anything to ask a question under "service".

Thanks!

 

[cello5]

7kWh is the threshold for eligibilty under the IRA Clean Vehicle Credit. 16 kWh was threshold under the old regulations for full credit (base $2.5k, then $417 for a battery of at least 5kWh, plus $417 for each kWh above 5kWh up to an additional $5k (11kWh additional) )

My bad, yes you are correct.

 

[ATPMSD]

Tesla might come up with cheap version of MY to qualify pricing requirements(<$55k) with upgrades via app.

The model Y is classified as an SUV and is subject to the $80K limit. I have not seen anything that indicates this will change in 2024.

 

[ATPMSD]

Dumb question: how do I send a message to Tesla support asking for this document?
I can't start a new conversation under "messages" in the app, and I can't find anything to ask a question under "service".

Thanks!

Tesla has until January 15th to provide the document.

”You must submit required information about a qualifying clean vehicle sale to the IRS by January 15 of the year following the purchase. The first reports are due to the IRS by January 15, 2024.”

Clean vehicle credit seller or dealer requirements | Internal Revenue Service

Sellers of eligible electric vehicles can help their customers take advantage of clean vehicle credits by registering with the IRS and meeting reporting requirements.

www.irs.gov

 

[flixden]

Tesla has until January 15th to provide the document.

”You must submit required information about a qualifying clean vehicle sale to the IRS by January 15 of the year following the purchase. The first reports are due to the IRS by January 15, 2024.”

Clean vehicle credit seller or dealer requirements | Internal Revenue Service

Sellers of eligible electric vehicles can help their customers take advantage of clean vehicle credits by registering with the IRS and meeting reporting requirements.

www.irs.gov

Yeah, still wondering in general how to submit a question or start a conversation.

 

[ATPMSD]

Yeah, still wondering in general how to submit a question or start a conversation.

You could try [email protected]

 

[ucmndd]

Dumb question: how do I send a message to Tesla support asking for this document?
I can't start a new conversation under "messages" in the app, and I can't find anything to ask a question under "service".

Thanks!

They don’t make it easy on purpose. You don’t need to ask them for this document. It will show up all on its own.

 

[flixden]

They don’t make it easy on purpose. You don’t need to ask them for this document. It will show up all on its own.

Yeah, hopefully. I can wait.
But I keep on reading here about people sending messages to "their advisor". It's a general question, unrelated to the tax doc. How do you contact "your advisor"?