Tax credit 2024 [The tax credit discussion thread]

[OCR1]

Great pricing on inventory Model Y’s. But no mention of the POS discount on the website yet.

 

[wildguess]

This morning, I was asked if I want to get 7,500 in cash or apply it towards a lease or loan in the Tesla app. I made an inventory vehicle order in late Dec, but am still waiting for the delivery date.

 

[wildguess]

This morning, I was asked if I want to get 7,500 in cash or apply it towards a lease or loan in the Tesla app. I made an inventory vehicle order in late Dec, but am still waiting for the delivery date.

 

[Dsturge]

That self claim looks like you claim personally, not Tesla claiming the tax credit, so not point of sale

 

[vickh]

Have no fears... discounted pricing is still here and increase. 7 pax long range down to 46k.
View attachment 1004757

Inventory discounts are still avail. But my discounts was removed/"updated" AFTERI placed order late last night. And the date changed to 1/1

I hope they add back on or no deal ...

 

[ChiefRollo]

That self claim looks like you claim personally, not Tesla claiming the tax credit, so not point of sale

Your assertion is an assumption. Perhaps “self-claim” refers to self-declaration that one qualifies.

 

[ChiefRollo]

The alternative is that of opting out…

 

[ChiefRollo]

That self claim looks like you claim personally, not Tesla claiming the tax credit, so not point of sale

When it’s your turn, I suggest you try the other option and let us know the outcome.

 

[Dsturge]

Your assertion is an assumption. Perhaps “self-claim” refers to self-declaration that one qualifies.

I sure hope it means self declaration!!

 

[tennisfan20]

Inventory discounts are still avail. But my discounts was removed/"updated" AFTERI placed order late last night. And the date changed to 1/1

I hope they add back on or no deal ...

When did you place your order? Did it update in the app?

 

[wildguess]

The alternative is that of opting out…

This is what it says when I am choosing to upt-out:

 

[ChiefRollo]

This is what it says when I am choosing to upt-out:
View attachment 1004802

Thank you for trying the other option…taking it as far as you did…and sharing. You’re more brave than me; I chose the (only) safe option earlier this morning.

 

[ucmndd]

This morning, I was asked if I want to get 7,500 in cash or apply it towards a lease or loan in the Tesla app. I made an inventory vehicle order in late Dec, but am still waiting for the delivery date.

This series of questions has not changed, it’s been this way since at least August. They are asking how you intend to pay for the car - not if you want to receive $7500 in cash.

 

[wildguess]

This series of questions has not changed, it’s been this way since at least August. They are asking how you intend to pay for the car - not if you want to receive $7500 in cash.

You are right, I read it wrong.

 

[mongo]

This series of questions has not changed, it’s been this way since at least August. They are asking how you intend to pay for the car - not if you want to receive $7500 in cash.

The process is different though. You can choose to not apply the $7,500 to your down-payment and keep the point of sale cash.

Q1. What is the transfer election? (added October 6, 2023)
A1. The transfer election allows a taxpayer purchasing a new clean vehicle or previously-owned clean vehicle after December 31, 2023, to transfer the entirety of the allowable credit to an eligible entity (a registered dealer) in exchange for a financial benefit (i.e., reduced final cost) from the eligible entity equal to the amount of the credit, whether in cash, in the form of a partial payment, or down payment for the purchase of such vehicle. In short, the tax credit can be applied at the point of sale to reduce the cost of the purchase by the amount of the credit. Eligible taxpayers who purchase an eligible vehicle may choose to claim the tax credit on their return instead of transferring a new or previously-owned clean vehicle tax credit.

 

[ChiefRollo]

This series of questions has not changed, it’s been this way since at least August. They are asking how you intend to pay for the car - not if you want to receive $7500 in cash.

That (cash vs. lease) part of it hasn’t changed; it doesn’t mean the whole series hasn’t changed. This whole series was new to me this morning as I chose the cash option a while ago.

 

[wildguess]

The process is different though. You can choose to not apply the $7,500 to your down-payment and keep the point of sale cash.

What should I choose if I prefer to get cash from Tesla on delivery instead of waiting for over a year to get a tax rebate?

 

[mongo]

What should I choose if I prefer to get cash from Tesla on delivery instead of waiting for over a year to get a tax rebate?

From the screenshots, I don't think that choice was available to make. I expect they plan on point of sale, which is 'normally' done att close to delivery.
Important thing is to not opt out.

 

[Dsturge]

From the screenshots, I don't think that choice was available to make. I expect they plan on point of sale, which is 'normally' done att close to delivery.
Important thing is to not opt out.

Agreed, do not opt out. I've been checking Reddit and Facebook and Twitter obsessively today to see if anyone bought a my today and can confirm if they're at POS, so far nobody knows. Even SAs don't know.

 

[patmurphey]

POS may not be set up yet. IRS arrangements may be pending. For now, U wouldn't count on POS for current deliveries.