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expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

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

$52,990

$52,990

(For Qualifying Buyers)
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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

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12.3K Comments

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Jan 13, 2023 6:42 PM
34 Comments
Joined Mar 2018
CaseCRM4Jan 13, 2023 6:42 PM
34 Comments
Quote from d0min0 :
so if i lost 20k in stocks, but made 70k at my job, i only get taxed on 50k right?
Depends if it is longer term or short term cap gains
Jan 13, 2023 6:42 PM
2K Comments
Joined Aug 2010
NowItsTimeJan 13, 2023 6:42 PM
2K Comments
Quote from roxwella :
Discounts on MAGA hats....amazing how fast he burned the $200B and the goodwill.
Lol great original take that really adds to the thread . . Anything else you want to parrot? Orange man bad too ddurrrr .
2
Jan 13, 2023 6:43 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 6:43 PM
509 Comments
Quote from CaseCRM4 :
Depends if it is longer term or short term cap gains
loss is capped 3k per year regardless of how much you lost
Expert
This user is an Expert in Tech & Electronics
Jan 13, 2023 6:43 PM
19.7K Comments
Joined Sep 2003
TofuVic
Expert
This user is an Expert in Tech & Electronics
Jan 13, 2023 6:43 PM
19.7K Comments
Quote from Klipsch :
I believe the savings would have been more than $13k as you wouldn't have to pay tax on $13k. It may depend on the state though.
I would have to pay tax on the $7,500 tax credit portion because it isn't a point-of-sale discount. Also, sales taxes and fees vary geographically, so I didn't want to do a breakdown of this information, as it may confuse people and may not be directly helpful to them.

Here is a screenshot of my order's Price Details, if anyone is interested. I want to help others make informed decisions by providing - hopefully - unbiased and factual information.

I hope this helps,
Tofu Vic
1
Jan 13, 2023 6:44 PM
70 Comments
Joined Oct 2010
yogipowerJan 13, 2023 6:44 PM
70 Comments
Quote from triggerhappy007 :
This starts in 2024, not this year.
Thanks. Will wait for another year. Tesla is going to keep discounting car prices considering the ramp up of new model cars.
Pro
Jan 13, 2023 6:44 PM
3.3K Comments
Joined Jul 2020
ThirstyCruz
Pro
Jan 13, 2023 6:44 PM
3.3K Comments
Quote from asianmovielover :
Picking up 2Ys, hoping to resell them when the car market skyrockets.
Haha .. I'm in for 10 so I can live off grid with no where to go
Jan 13, 2023 6:44 PM
2K Comments
Joined Aug 2010
NowItsTimeJan 13, 2023 6:44 PM
2K Comments
Before you order MAKE SURE YOU GET A INSURANCE quote . Teslas have higher premiums

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Jan 13, 2023 6:46 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 13, 2023 6:46 PM
399 Comments
Quote from vndragonslayer :
loss is capped 3k per year regardless of how much you lost
This. Any net loss over $3k can just be carried forward to future years. You can't reduce your employment income $20k through capital losses.
Jan 13, 2023 6:46 PM
298 Comments
Joined Apr 2019
MondayMorningQBJan 13, 2023 6:46 PM
298 Comments
Quote from darth_fader :
Save yourself 30k and get a Bolt. Better build quality, a fraction of the price, 90% of the features, just slower and 15% less range.
The Bolt is too small
Jan 13, 2023 6:47 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 13, 2023 6:47 PM
399 Comments
Quote from MondayMorningQB :
The Bolt is too small
3 and Y are both small cars.
Jan 13, 2023 6:47 PM
13K Comments
Joined Nov 2008
575riderJan 13, 2023 6:47 PM
13K Comments
Quote from darth_fader :
Save yourself 30k and get a Bolt. Better build quality, a fraction of the price, 90% of the features, just slower and 15% less range.
When AWD?
Jan 13, 2023 6:47 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 6:47 PM
509 Comments
Quote from TofuVic :
I would have to pay tax on the $7,500 tax credit portion because it isn't a point-of-sale discount. Also, sales taxes and fees vary geographically, so I didn't want to do a breakdown of this information, as it may confuse people and may not be directly helpful to them.

Here is a screenshot of my order's Price Details, if anyone is interested. I want to help others make informed decisions by providing - hopefully - unbiased and factual information.

I hope this helps,
Tofu Vic
yikes.. buyer within past 43 days in panic mode
Jan 13, 2023 6:48 PM
509 Comments
Joined May 2018
vndragonslayerJan 13, 2023 6:48 PM
509 Comments
Quote from EliteDealHunter :
This. Any net loss over $3k can just be carried forward to future years. You can't reduce your employment income $20k through capital losses.
it wont help him with his current situation regarding ira
Jan 13, 2023 6:49 PM
3.6K Comments
Joined Jun 2012
jl2672aJan 13, 2023 6:49 PM
3.6K Comments
Quote from vndragonslayer :
i know copium is kicking in high.. but were you planning to buy tesla at later date without the discount anyways?
I would never have taken delivery if I knew they were gonna dump the price $14k from its high. And the $7500 tax credit on top of that.

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Jan 13, 2023 6:49 PM
25 Comments
Joined Mar 2011
ChiliPepper101Jan 13, 2023 6:49 PM
25 Comments
Are the salary limits hard cut-offs? Or, do they fade out and provide partial credits to households above those thresholds?

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