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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 14, 2023 3:19 AM
54 Comments
Joined Dec 2019
bbdocJan 14, 2023 3:19 AM
54 Comments
$7.5k tax credit only if AGI <300k for married filing jointly ...bummer
3
Jan 14, 2023 3:21 AM
3K Comments
Joined Feb 2011
KensicJan 14, 2023 3:21 AM
3K Comments
Quote from bbdoc :
$7.5k tax credit only if AGI <300k for married filing jointly ...bummer
Contribute max in 401k to push it under 300k if that's possible
1
Jan 14, 2023 3:21 AM
15.5K Comments
Joined Feb 2005
thund3rcatJan 14, 2023 3:21 AM
15.5K Comments
Quote from LovePotion9 :
At the time you bought in Dec of 2022 and yes it qualified. Currently on Tesla website clearly read cap @$55K anything above that is a NO. So if you would buy now instead of last year you still would not qualify anyway if the 7-seat is added.
7 seat cap is 80k... on the website right now.

Price Caps
The vehicle price at time of delivery must not exceed the following caps. This price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees.
Model 3: $55,000
Model Y with 5 seats: $55,000
Model Y with 7 seats: $80,000
Jan 14, 2023 3:23 AM
509 Comments
Joined May 2018
vndragonslayerJan 14, 2023 3:23 AM
509 Comments
Quote :
Quote from pointbob :
so i guess the recession is all bullshit if there's so many high rollers in america to afford a 50k car with an interior that's worse then a camry. you all know it takes at least 10-15 years of driving an ev before you can break even depending on fuel prices. yeah. you care lol.
geoffkinUsed LEAF and Bolts ARE.
are you angry that you're stuck on the camry platform n dont get the whirling spaceship ev cars? get out of your tax bracket and maybe you can enjoy nice slickdeals partially offset by uncle joe
3
Jan 14, 2023 3:24 AM
36 Comments
Joined Feb 2018
tttredJan 14, 2023 3:24 AM
36 Comments
So my Model Y configuration with no options come to 54,630 incl dest and order fee, it shows on the page I qualify but the IRS page for model Y 5 seater is 55K. Do I need to add more options or am I good to be eligible, please help
Jan 14, 2023 3:26 AM
54 Comments
Joined Dec 2019
bbdocJan 14, 2023 3:26 AM
54 Comments
Quote from Kensic :
Contribute max in 401k to push it under 300k if that's possible
Already doing that...and other pretax contributions but would be still difficult. Will just wait until the drop the price more rather than relying on the credit
3
Jan 14, 2023 3:27 AM
708 Comments
Joined Sep 2003
axmanJan 14, 2023 3:27 AM
708 Comments
didn't find <55000 for model Y from TSLA website? All are gone?

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Jan 14, 2023 3:28 AM
2.2K Comments
Joined Jan 2006
suskoJan 14, 2023 3:28 AM
2.2K Comments
Quote from TheSource777 :
...bruh, my entire post was pro-Tesla based on my experienced owning one.

"
I've owned a Model 3 since early 2019. It's the best driving experience in the world, hands down. Four years, 0 maintenance. No oil changes, nothing. Just test-drive one, and you will see.

Yes, it doesn't have all the buttons and knobs of most cars. But it replaces that with amazing software. The fact that it has "sentry mode" which records anything that happens to your car when you're away. The fact that you can LIVE STREAM the car's cameras real-time from your phone. The fact that you can have a "dog mode" and leave your pet in there safely. So, so, so many small amazing things.

Tesla cars can do this - https://www.youtube.com/watch?v=lfucQM07tGQ (and you can download lightshows for any song from a community of hundreds of creators).

The fact that Tesla cars are THE safest mass-produced cars ever bult in the history of mankind. https://www.tesla.com/blog/model-...sted-nhtsa (a lot of this is due to the architecture of an electric car with its low center of gravity and extra crumple zones). Recent story of how Tesla fell off a 250 foot cliff and everyone survived - https://www.cnn.com/2023/01/03/us...index.html"
I was agreeing with you
Jan 14, 2023 3:29 AM
101 Comments
Joined Apr 2016
qiushengxyzJan 14, 2023 3:29 AM
101 Comments
If I buy it today, can I get the $7500 credit in my tax return for 2022? Or do I have to wait for the tax return for 2023 in next year?
1
Jan 14, 2023 3:30 AM
447 Comments
Joined Nov 2011
User1654112Jan 14, 2023 3:30 AM
447 Comments
Can you carry the tax credit forward?
Jan 14, 2023 3:30 AM
13.2K Comments
Joined Feb 2008
AkumaXJan 14, 2023 3:30 AM
13.2K Comments
Quote from tttred :
So my Model Y configuration with no options come to 54,630 incl dest and order fee, it shows on the page I qualify but the IRS page for model Y 5 seater is 55K. Do I need to add more options or am I good to be eligible, please help
It needs to be below 55K, not above it
Jan 14, 2023 3:30 AM
41 Comments
Joined Jan 2016
happyclanJan 14, 2023 3:30 AM
41 Comments
My tesla caught fire and I had to put it out with money because that was cheaper than the amount of water required.
2
Jan 14, 2023 3:31 AM
13.2K Comments
Joined Feb 2008
AkumaXJan 14, 2023 3:31 AM
13.2K Comments
Quote from axman :
didn't find
Jan 14, 2023 3:31 AM
2.5K Comments
Joined Jul 2008
kevinhJan 14, 2023 3:31 AM
2.5K Comments
Quote from qiushengxyz :
If I buy it today, can I get the $7500 credit in my tax return for 2022? Or do I have to wait for the tax return for 2023 in next year?

I believe it's for the 2023 taxes you'll be filing in 2024,
1

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Jan 14, 2023 3:32 AM
638 Comments
Joined Jun 2020
integraguy2001Jan 14, 2023 3:32 AM
638 Comments
for if I buy a Model 3 in NJ, will I get $2k state and $7,500 Federal tax credit?

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