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 or making a Paypal contribution here: paypal.me/SupportTMC

Upgrade last years P85 to P85D and the Tax Credit

Discussion in 'Model S: Ordering, Production, Delivery' started by andydoty, Feb 21, 2015.

  1. andydoty

    andydoty Member

    Joined:
    Jan 12, 2014
    Messages:
    226
    Location:
    Massachusetts
    Does anyone know (or can point me to relevant information) if the $7500 tax credit can be taken more the once in different years. So, I'm going to take the credit for 2014 for the purchase of the P85. Would I qualify for the 2015 credit if I were to order and take delivery of the P85D this year?

    MA has introduced a $2500 take credit (after I purchased the P85) as well that I'm hoping to take advantage of.

    Drew
     
  2. cgiGuy

    cgiGuy Member

    Joined:
    Jul 9, 2013
    Messages:
    982
    Location:
    Sacramento, CA
    As long as the credit is being offered in a particular year, still, you can use it as many years as you'd like.

    I'm pretty sure you can even use it more than once in the same year, provided you have the tax liability required to claim the credit. (Correct me if I'm wrong, please)

    Disclaimer: Not a tax professional.
     
  3. andrewket

    andrewket 2014 S P85DL, 2016 X P90DL (soon 100)

    Joined:
    Dec 20, 2012
    Messages:
    5,043
    Yes, you can claim it once per new car purchase, and you can claim two in one year. I claimed 15k in 2013 for a model s and a colt, and will claim 7500 in 2014 for the P85D.
     
  4. NOLA_Mike

    NOLA_Mike Active Member

    Joined:
    May 11, 2013
    Messages:
    1,560
    Location:
    Hammond, LA
    What kind of range you getting on that colt? :)
     
  5. andrewket

    andrewket 2014 S P85DL, 2016 X P90DL (soon 100)

    Joined:
    Dec 20, 2012
    Messages:
    5,043
    Hilarious. It varies. Similar to the tesla, it gets less range in the winter.
     
  6. JPP

    JPP Active Member

    Joined:
    Feb 4, 2013
    Messages:
    1,842
    Location:
    SF Bay area, CA
    ...and I bet the emissions control on that colt are a pain in the a...
     
  7. bonaire

    bonaire Active Member

    Joined:
    Aug 24, 2013
    Messages:
    1,516
    Location:
    USA
    If you wrap it in a good blanket, if not garaged, and feed it premium oats, should do ok for mileage in the winter.
     

Share This Page