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Tax savings

Discussion in 'Model S: Ordering, Production, Delivery' started by modelx007, Dec 21, 2015.

  1. modelx007

    modelx007 Member

    Joined:
    Sep 1, 2015
    Messages:
    244
    Location:
    boca raton, fl
    If purchasing two tesla's the same year I was told to put one in my name and the other in my wife's. That may be good but how does it work when you file joint? Can you still take the $7500 x2?
     
  2. Branzo90D

    Branzo90D Salt and Pepper

    Joined:
    Oct 13, 2015
    Messages:
    105
    Location:
    NorCal
    For that kind of money, I'd consult a good tax lawyer. :wink:
     
  3. swaltner

    swaltner Member

    Joined:
    Oct 13, 2012
    Messages:
    497
    Location:
    Kansas, USA
    There is no limit to the number of new vehicles that you can take the EV tax credit on. Don't title them like you suggest just for tax purposes. There may be other reasons to but not the $7,500 tax credit.

    The limit that you may run into would be that you would need $15,000 of tax liability between you and your spouse to tax full advantage of the tax credit.
     

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