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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 24, 2023 11:29 PM
61 Comments
Joined Oct 2018
WiseOctopus1522Jan 24, 2023 11:29 PM
61 Comments
Quote from wstalcup :
I save $130 a month driving my Model Y.. most likely I would save more with one of those hybrids.. but there are some other factors.. even though I bet the cars you mentioned are safe.. the Tesla is arguably safer and even for me, twice it has moved on its own, in protecting itself from vehicles that would have hit me. Also hybrids will still have all of that maintenance that regular gas cars have. So maintenance costs will more..possibly even a lot more. Finally, my Model Y "should" last for $400,000 miles or 25 years.. (and i plan on keeping it as long as possible) so it saves me from buying 2 or possibly even 3 cars in the future!
the Tesla is arguably safer and even for me, twice it has moved on its own, in protecting itself from vehicles that would have hit me.

>>> Not bashing - really want to know from people who already own one. How much of this will be true without the radar and pure vision?
Jan 24, 2023 11:49 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 24, 2023 11:49 PM
3.1K Comments
I was assigned a Fremont Tesla MYLR. I've read the Austin factory does a unibody so its slightly different (better). Anyone have any comments?
Jan 24, 2023 11:50 PM
38 Comments
Joined May 2013
dealhunter031Jan 24, 2023 11:50 PM
38 Comments
Folks, I got my MYLR delivered today and am trying to file taxes to see if the tax credit is applying. However, when I try to use TurboTax, am getting the error message:

The Date Placed in Service must be in 2022 and no earlier than the Date Acquired. You can remove this vehicle if it was not placed in service in 2022.

Do anyone of you filed taxes for delivery taken after Jan 1, 2023?
4
Jan 24, 2023 11:52 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 24, 2023 11:52 PM
3.1K Comments
Quote from seanleeforever :
i got Austin build car, and i am in CA. it is mostly the luck of a draw if your order model y (i believe 3/S/X is only at Fremont)

in term of quality, if Tesla does what everyone does, then it shouldn't matter (but obviously they don't so it does matter). if you have a choice. tesla shanghai factory product more than half of the entire tesla sold world wide, so if you have a choice...
I was assigned a Fremont car. Not complaining just trying to understand the differences. I would certainly like the better build quality and matrix LED lights. When I asked the person on the phone they told me Austin factory makes a better unibody. Any comments?
Jan 24, 2023 11:53 PM
526 Comments
Joined Mar 2019
ggaproprosJan 24, 2023 11:53 PM
526 Comments
Quote from dealhunter031 :
Folks, I got my MYLR delivered today and am trying to file taxes to see if the tax credit is applying. However, when I try to use TurboTax, am getting the error message:

The Date Placed in Service must be in 2022 and no earlier than the Date Acquired. You can remove this vehicle if it was not placed in service in 2022.

Do anyone of you filed taxes for delivery taken after Jan 1, 2023?
...

are you trying to claim a 2023 tax credit on your 2022 tax year taxes?
1
Jan 24, 2023 11:54 PM
3.1K Comments
Joined Jul 2011
euuser1398928Jan 24, 2023 11:54 PM
3.1K Comments
Quote from dealhunter031 :
Folks, I got my MYLR delivered today and am trying to file taxes to see if the tax credit is applying. However, when I try to use TurboTax, am getting the error message:

The Date Placed in Service must be in 2022 and no earlier than the Date Acquired. You can remove this vehicle if it was not placed in service in 2022.

Do anyone of you filed taxes for delivery taken after Jan 1, 2023?
I'm fairly certain the credit is for your 2023 filing in 2024. However you can use your AGI to qualify from either your 2022 or 2023 tax years.
Jan 24, 2023 11:58 PM
38 Comments
Joined May 2013
dealhunter031Jan 24, 2023 11:58 PM
38 Comments
Quote from ggapropros :
...

are you trying to claim a 2023 tax credit on your 2022 tax year taxes?
Yes, am trying for 2022 tax credit. If it's 2023 tax credit what is the rush to get delivery by March? Wouldn't delivery by all of 2023 count for the credit?
1

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Jan 24, 2023 11:59 PM
38 Comments
Joined May 2013
dealhunter031Jan 24, 2023 11:59 PM
38 Comments
Quote from foxblur :
I'm fairly certain the credit is for your 2023 filing in 2024. However you can use your AGI to qualify from either your 2022 or 2023 tax years.
If it's for 2023 tax credit, what is the rush for getting delivery by March? Am sorry if I am not getting it right.
1
Jan 25, 2023 12:00 AM
526 Comments
Joined Mar 2019
ggaproprosJan 25, 2023 12:00 AM
526 Comments
Quote from dealhunter031 :
If it's for 2023 tax credit, what is the rush for getting delivery by March? Am sorry if I am not getting it right.
the rush is that the government is cutting it to $3750 in march.
Jan 25, 2023 12:01 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Jan 25, 2023 12:01 AM
1.8K Comments
Quote from dealhunter031 :
Folks, I got my MYLR delivered today and am trying to file taxes to see if the tax credit is applying. However, when I try to use TurboTax, am getting the error message:

The Date Placed in Service must be in 2022 and no earlier than the Date Acquired. You can remove this vehicle if it was not placed in service in 2022.

Do anyone of you filed taxes for delivery taken after Jan 1, 2023?
The answer is in the error message. You bought the car in 2023. You have to wait until next year when you file your 2023 taxes.
1
2
Jan 25, 2023 12:01 AM
526 Comments
Joined Mar 2019
ggaproprosJan 25, 2023 12:01 AM
526 Comments
Quote from foxblur :
I'm fairly certain the credit is for your 2023 filing in 2024. However you can use your AGI to qualify from either your 2022 or 2023 tax years.
woah wait if i made less than $150k in 2022 then i will get full $7500 this year even though i now have salary higher than that??
Jan 25, 2023 12:13 AM
957 Comments
Joined Nov 2013
mtx1212Jan 25, 2023 12:13 AM
957 Comments
LOL, with the $500 MSRP increase
the only MY that will qualify for the tax credit = base LR model
less color choices (white/grey/blue/black, no red)
no wheel choice (ugly 19in version only)
Last edited by mtx1212 January 24, 2023 at 04:16 PM.
1
Jan 25, 2023 12:20 AM
100 Comments
Joined Jul 2009
kingzqJan 25, 2023 12:20 AM
100 Comments
Picked our 19' white LRY this afternoon. Austin built, no matrix light, no Radar/USS sensor, Ryzen chip.

Most joint gap is normal/consistent. Most visible inconsistent gap is between the trunk cover and the body, the front bumper has a bit larger gap to the fender, but our Honda Clarity has similar pattern. No rattling noise of any kind driving back. Don't think will be making service appointments for those. Overall I would say build quality is on par with our Honda, maybe less than our BMW 330.

Time line: order placed on 9:30am CST 1/13, 19' white LRY with no added options. Vin assigned on 1/18, picked up at afternoon 1/24. Coordinate, north DFW, TX.
Last edited by kingzq January 26, 2023 at 09:40 AM.
Jan 25, 2023 12:22 AM
804 Comments
Joined Sep 2013
chucktaylurJan 25, 2023 12:22 AM
804 Comments
Quote from mtx1212 :
LOL, with the $500 MSRP increase
the only MY that will qualify for the tax credit = base LR model
less color choices (white/grey/blue/black, no red)
no wheel choice (ugly 19in version only)
Isnt it too late to get the tax credit anyway? I dont think anyone who orders after the increase would get delivery by March.

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Jan 25, 2023 12:23 AM
34 Comments
Joined Apr 2008
snotdoctorJan 25, 2023 12:23 AM
34 Comments
Quote from Dystien :
I ordered a White Model Y, with 0 added options. Ordered Jan 13. No Vin yet but delivery states Jan 30 - Feb 27. I'm in Los Angeles. Anyone want to take over my order for $250?

We are looking to get the model 3 instead.
Have u had any takers? I'd be interested. I was waiting on my other ev to sell & it's in the process now.

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