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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 17, 2023 2:32 AM
2.9K Comments
Joined Jun 2008
KaatuPaadiJan 17, 2023 2:32 AM
2.9K Comments
Quote from NguynT4719 :
Question: my base salary is under 150k in 2022 but will be above 150k in 2023. I am single. Will I be qualified for the 7500 tax credit if I purchase a model Y now. Will my 2022 income be considered or 2023 income? And is this just my base salary only? Thanks!
Its not salary.Its AGI.. based on 401k and medical most AGI will be below 125 for salary of 150K.
Jan 17, 2023 2:33 AM
403 Comments
Joined Apr 2019
Tri1914Jan 17, 2023 2:33 AM
403 Comments
Quote from vndragonslayer :
its call not withholding tax from paycheck?
Just put more independents on your tax status so they withhold less of your paycheck. You may end up paying some taxes at the end of the year however
2
Jan 17, 2023 2:33 AM
11 Comments
Joined Jul 2021
panda232Jan 17, 2023 2:33 AM
11 Comments
Quote from rubiks :
how was the experience?

Model Y or 3, did it come with radar and dual pane windows?
Grey Model Y.
Experience was very good.
The whole process is very efficient.
Inspect the car, sign papers, make final payment and finish final steps in the tesla app, drive away.
I didn't check windows and radar.
I can check tomorrow.
But I am sure someone else will answer those questions before I do.
1
Jan 17, 2023 2:35 AM
2.9K Comments
Joined Jun 2008
KaatuPaadiJan 17, 2023 2:35 AM
2.9K Comments
Quote from brown1978 :
I also bought the mid range in December 18 after credit it was about 40k. Probably saved another 10k just in gas savings in past 4 years. Im also down to about 230-40 range. If it lasts me another 4 years best 20k spent on a car.
10K in gas savings.. LOL. You already paid 15K more for same sizeed gas car.. People are so delusional and dumb when they calculate gas vs EV savings...
5
Jan 17, 2023 2:36 AM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 17, 2023 2:36 AM
3.7K Comments
Quote from panda232 :
Grey Model Y.
Experience was very good.
The whole process is very efficient.
Inspect the car, sign papers, make final payment and finish final steps in the tesla app, drive away.
I didn't check windows and radar.
I can check tomorrow.
But I am sure someone else will answer those questions before I do.
It's been dual pane for years now., Saved Tesla from continuance of endless wind noise complaints, like myself. Lol
Last edited by Anonymous January 16, 2023 at 06:57 PM.
Jan 17, 2023 2:37 AM
565 Comments
Joined Oct 2004
dealhunt_101Jan 17, 2023 2:37 AM
565 Comments
Quote from NguynT4719 :
Question: my base salary is under 150k in 2022 but will be above 150k in 2023. I am single. Will I be qualified for the 7500 tax credit if I purchase a model Y now. Will my 2022 income be considered or 2023 income? And is this just my base salary only? Thanks!

Read the wiki. Don't ask others to do your homework.
Jan 17, 2023 2:39 AM
226 Comments
Joined Jan 2007
fmcfad01Jan 17, 2023 2:39 AM
226 Comments
Quote from preetam :
how do u reduce the tax paid every pay check when the tax is deducted by the employer ?
W-4 Form.

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Jan 17, 2023 2:40 AM
226 Comments
Joined Jan 2007
fmcfad01Jan 17, 2023 2:40 AM
226 Comments
Quote from NguynT4719 :
Question: my base salary is under 150k in 2022 but will be above 150k in 2023. I am single. Will I be qualified for the 7500 tax credit if I purchase a model Y now. Will my 2022 income be considered or 2023 income? And is this just my base salary only? Thanks!
The law says your AGI for the year you buy the car or the year before. It's not salary dependent, but rather AGI dependent. If you're good in 2022 and you buy the car in 2023, you're fine.
Jan 17, 2023 2:43 AM
1.4K Comments
Joined Oct 2011
thinh4u2Jan 17, 2023 2:43 AM
1.4K Comments
Quote from panda232 :
Grey Model Y.
Experience was very good.
The whole process is very efficient.
Inspect the car, sign papers, make final payment and finish final steps in the tesla app, drive away.
I didn't check windows and radar.
I can check tomorrow.
But I am sure someone else will answer those questions before I do.
All the reviews I read and YT shows dual panel glass, which is nice. Heated seats for all five seasons (non 3rd row).

I am unclear about the radar. Some stated Ultrasound is gone and now replaced by radar which was previously there before the ultrasound. Some other sources said BOTH are gone, and it is just Tesla vision via cameras. Can anyone with the new 2023 provide clarification? Does it make a difference? lol
1
Jan 17, 2023 2:44 AM
1.8K Comments
Joined Mar 2013
sillar68Jan 17, 2023 2:44 AM
1.8K Comments
Quote from JamesH9564 :
Assuming Y is similar to 3, here are some of my prior thoughts on why I like them.

Buying a car is still very much an emotional decision so you decide what are important to you.
Oh, nevermind. I thought you owned a model Y.
Jan 17, 2023 2:49 AM
398 Comments
Joined Dec 2007
conquistadorstJan 17, 2023 2:49 AM
398 Comments
Quote from eggsalad :
I legit have another mindset . I guess this is the divide in the country they talk about.
I can't even to being to describe my recoil from your words
Well, it seems like you keep making posts and leaving us wondering what you're talking about with only vague allusions to your thoughts and ideas. SD hasn't had a mind reader listed on their FP in a while!
Jan 17, 2023 2:49 AM
36 Comments
Joined Feb 2018
tttredJan 17, 2023 2:49 AM
36 Comments
Did anyone take delivery yet after this deal was posted and can they confirm if the Model Y comes with 4680 battery cells and the new radar sensors. Thanks
1
Jan 17, 2023 2:51 AM
397 Comments
Joined Nov 2005
OutlawdevilJan 17, 2023 2:51 AM
397 Comments
Quote from tttred :
Did anyone take delivery yet after this deal was posted and can they confirm if the Model Y comes with 4680 battery cells and the new radar sensors. Thanks
I test drove yesterday and confirmed no radars
Jan 17, 2023 2:53 AM
398 Comments
Joined Dec 2007
conquistadorstJan 17, 2023 2:53 AM
398 Comments
Quote from thinh4u2 :
The IRS has no updated guidelines b/c the govt has not sit down to write the restrictions. Towards the end of 2022, they stated that they're planning to write this up in March 2023. There is NO set date for the meetings so far.

Even if they met in March, it is unclear how long it would take for them to finalize the actual restrictions and when the changes would reflect the updated guidance.

It is presumed by Tesla that they will only be eligible for HALF the 7500 since the battery components itself do not meet the criteria (not made in the US), but it is just a guess.
Thanks. If they don't write this up in March and I get the full rebate or even half the 7,500 I'll be super happy. Here's to hoping Smilie

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Jan 17, 2023 2:58 AM
120 Comments
Joined Mar 2010
HiJon21Jan 17, 2023 2:58 AM
120 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.
Save yourself $50k and buy a Honda Civic instead of a BMW M3, just a bit slower Roll Eyes (Sarcastic)
1

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