Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

$52,990

$52,990

(For Qualifying Buyers)
2.7M Views
Visit Retailer
Deal Details
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300,000 for married couples filing jointly
    • $225,000 for heads of households
    • $150,000 for all other filers
  • The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due.
  • Refer to the forum thread for additional deal discussion.

Original Post

Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300,000 for married couples filing jointly
    • $225,000 for heads of households
    • $150,000 for all other filers
  • The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due.
  • Refer to the forum thread for additional deal discussion.

Original Post

Community Voting

Deal Score
+839
Good Deal
Visit Retailer

Top Comments

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

12.3K Comments

Sign up for a Slickdeals account to remove this ad.

Jan 13, 2023 7:38 AM
211 Comments
Joined Sep 2011
kiddmit3Jan 13, 2023 7:38 AM
211 Comments
Quote from MrDeaals :
Simple gif what you owe > $7500 : you get the complete 7500 credit
If what you owe < $7500 ; you dont get any money back from IRS
No, if you had 4000 in tax liability, you'd qualify for that amount from federal ev tax rebate.
Jan 13, 2023 7:38 AM
214 Comments
Joined Aug 2019
RowlandCJan 13, 2023 7:38 AM
214 Comments

Our community has rated this post as helpful. If you agree, why not thank RowlandC

People with tax questions. Look at your 2021 1040 tax form. If line 24 is at least $7500 and your 2023 income is the same or above 2021 you'll maximize the $7500 ev credit. Simple as that.
1
1
Jan 13, 2023 7:39 AM
12 Comments
Joined Nov 2017
dearpigJan 13, 2023 7:39 AM
12 Comments
Quote from langdatayagi :
These things are so hard to predict !! I had 10k equity last april on my x3 and decided to wait for couple of months, and when it was time to sell, the used car market drop and I had only 1k equity. Just enjoy your car and get many other deals here to save money
Thanks, I completely agree. I read Tofu's other post and soothe down. I am happy with the car, it is a good car. That is more important. Plus, I lost far more than $13k on Tesla stock LOL and I made peace with myself.
Quote from Klipsch :
I have friends who bought it without any of these discounts. The ones who bought during Dec '22 sale should be happy in this case.
A slick deal always makes people happy. That is also the reason we have so many bitters here. bc we did not get the best deals.
Jan 13, 2023 7:39 AM
5.3K Comments
Joined Nov 2012
ChrisBobsonJan 13, 2023 7:39 AM
5.3K Comments
Just need to find someone to buy my current m3p
Jan 13, 2023 7:40 AM
250 Comments
Joined Jan 2007
nf168Jan 13, 2023 7:40 AM
250 Comments
Tax Credit is if you have a tax liability. It is not related to your tax withholdings (but you can be penalized for not having enough withholdings). So you reduce your tax liability by up to $7500. That can either be a refund of what was withheld, or reducing how much you owe at tax filing time. Non-refunding credit just means if you have no tax liability, the fed govern won't pay you more than your tax liability.
Jan 13, 2023 7:41 AM
3K Comments
Joined Dec 2011
hbsjrJan 13, 2023 7:41 AM
3K Comments
Model 3 is now $43,990

Tempted but should I buy plugin Hybrid ori Hybrid instead?
1
Jan 13, 2023 7:42 AM
12 Comments
Joined Nov 2017
dearpigJan 13, 2023 7:42 AM
12 Comments

Our community has rated this post as helpful. If you agree, why not thank dearpig

Quote from RowlandC :
People with tax questions. Look at your 2021 1040 tax form. If line 24 is at least $7500 and your 2023 income is the same or above 2021 you'll maximize the $7500 ev credit. Simple as that.
this should be topped.
2

Sign up for a Slickdeals account to remove this ad.

Jan 13, 2023 7:42 AM
226 Comments
Joined Apr 2019
Henry2006Jan 13, 2023 7:42 AM
226 Comments
Quote from runtohell121 :
Currently driving a 2021 VW ID.4 and have a 2023 Toyota Prius LE on order/waitlist at a few dealerships... This is tempting to cancel the Prius and jump to a Model 3 or Model Y.

I'm somewhat looking forward to get rid of the VW ID.4 mainly due to the charging infrastructure in California; well mainly Electrify America and the road trip experience where it added about 2.5 hour extra going from Bay Area to SD; which is why I'm mainly switching back to hybrid for now...
I'm choosing between the two. What's you take charging infrastructure aside? Always feels like tesla is too primitive inside and the look is getting old...
1
Jan 13, 2023 7:42 AM
330 Comments
Joined Nov 2022
FoxWit096Jan 13, 2023 7:42 AM
330 Comments
Is the Cybertruck coming out anytime soon with these eye catching "sale"?
1
Jan 13, 2023 7:43 AM
120 Comments
Joined Nov 2018
CoralWriter9808Jan 13, 2023 7:43 AM
120 Comments
Quote from WilliamG :
Not sure that's correct. Believe you have to owe at least $7500 in taxes to get that full $7500 credit. So if you only owed $5000 in federal taxes, you'd only get $5000 back out of the $7500. At least, that's how I've always understood this to work historically.
Yes, that's what I just read from the IRS website. There's no rebate back if you owe less than 7500.
Jan 13, 2023 7:43 AM
16 Comments
Joined Dec 2011
711masterpJan 13, 2023 7:43 AM
16 Comments
I knew they gonna price cut some day, good that I only went with model 3 back in 2021, now I can look into a trade in deal see if imma get that discount
Jan 13, 2023 7:44 AM
330 Comments
Joined Aug 2006
godzenJan 13, 2023 7:44 AM
330 Comments
Quote from strawbewwy :
I'd like to convince my family to get one more Tesla, but after they heard my experience with them I don't think they will. we're not against the idea of Tesla or any ev, but I had placed an order 2nd week of November and was told that I wouldn't get the car until at least December, fast forward to Thanksgiving weekend, I was told my car was ready to pick up and I have to choose a pick up date. I hadn't finished all the paperwork, etc yet and I wanted to pick a later date, in December, but the app only allowed me to pick the next 3 days (last 3 days of November). Not wanting to call customer support and go through waiting for a human to correct an app error (or so I thought it was), I went ahead and pick up 2 days before December. December comes and they announce all kinds of incentives, and guess who didn't get any. Frown
After 3 delays by Tesla, I canceled my 11/2021 order in October when they started to harass me to pick up the car after just one week notice. Told the cocky ass "rep" to go eat a "dck" and took a $250 write off. Was pissed but now it's peanut compared to what you guys lost. The last straw with Tesla for me was driving a friend's model 3 in seattle and it started dumping rain while i had to fiddled around dangerously on the freeway blind trying to located and press the farking wiper mode function on the screen.
Jan 13, 2023 7:44 AM
1.3K Comments
Joined Nov 2007
CrucehJan 13, 2023 7:44 AM
1.3K Comments
Still don't meet income requirements....
Jan 13, 2023 7:46 AM
22.5K Comments
Joined Dec 2006
Hawk2007Jan 13, 2023 7:46 AM
22.5K Comments
Quote from TofuVic :
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022, I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

I hope this helps,
Tofu Vic
I still would like to see the math of how you're missing out on a $7,500 cash money check from the IRS/government.

Sign up for a Slickdeals account to remove this ad.

Jan 13, 2023 7:46 AM
237 Comments
Joined Sep 2013
pepsi23Jan 13, 2023 7:46 AM
237 Comments
Well well well, what a coincidence, they raised the price just in time

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

Popular Deals

Trending Deals