I am considering buying the Model Y RWD before Feb 28th. However, I am not sure if I qualify for the $7500 federal tax credit, even though I might get it now at POS but worried if I will have it pay it back later.
Here is my situation. My 2022 AGI is <300K. I haven't done my 2023 taxes yet, but my 2023 AGI will be >300K. My 2024 AGI will also be >300K.
If I buy the Model Y RWD now, I have to show them my 2022 tax returns and will be able to get the $7500 off at POS. However, when I do my 2023 taxes later, or when I do my 2024 taxes next year, will I have to pay back to IRS the $7500?
I asked Tesla this question but they couldn't answer it. They did say if my 2022 AGI is <300K, I will get $7500 off at POS, but couldn't tell me if I have to pay it back in future. I am hoping someone on this forum can provide the correct guidance. Thanks in advance.
if 2022 AGI is <300K you're good to go if MFJ