TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Texas>>Tax credits to claim

Discussion in 'Texas' started by h30338, Dec 18, 2013.

Tags:
  1. h30338

    h30338 Member

    Joined:
    Dec 17, 2013
    Messages:
    6
    Location:
    texas
    Just wanted to check this out with people on the forum who live in Texas and bought their Model S this year.


    tax credits for 2013 tax returns:

    (1) Federal EV credit <$7,500>
    (2) EV infrastructure tax credit <30% credit on costs with a max credit of $1,000>
     
  2. Rockster

    Rockster Active Member

    Joined:
    Oct 22, 2013
    Messages:
    1,840
    Location:
    McKinney, TX
  3. montgom626

    montgom626 Active Member

    Joined:
    Dec 15, 2012
    Messages:
    1,339
    Location:
    USA
    I am skecptical that you can deduct your sales tax on your federal return. I hope I am wrong.
     
  4. TexasEV

    TexasEV Well-Known Member

    Joined:
    Jun 5, 2013
    Messages:
    6,690
    Location:
    Austin, TX
    Yes, you can deduct either state income tax or state sales tax on your federal return. Texas does not have state income tax so we deduct sales taxes.
    Sales Tax Deduction Calculator
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC