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frontpage Posted by krispytreat007 • Jun 2, 2023
frontpage Posted by krispytreat007 • Jun 2, 2023

2023 Tesla Model 3 w/ 3 Months Supercharging + $7500 Federal Tax Credit

(For Qualifying Buyers)

from $37830

$40,240

1,793 Comments 922,797 Views
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Deal Details
Tesla is offering its 2023 Tesla Model 3 starting from $37830. This model now qualifies for the $7500 Federal Tax Credit (more information here and here).

Thanks to community member krispytreat007 for sharing this deal.

Note, price and availability will vary by location and may be limited. Additional fees may apply.

Additionally, this includes 3 months free unlimited Supercharging if ordered and delivered between June 14 and June 30, 2023.

Editor's Notes

Written by qwikwit | Staff
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300000 for married couples filing jointly
    • $225000 for heads of households
    • $150000 for all other filers
  • The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
  • See the forum thread for deal discussion.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by krispytreat007
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla is offering its 2023 Tesla Model 3 starting from $37830. This model now qualifies for the $7500 Federal Tax Credit (more information here and here).

Thanks to community member krispytreat007 for sharing this deal.

Note, price and availability will vary by location and may be limited. Additional fees may apply.

Additionally, this includes 3 months free unlimited Supercharging if ordered and delivered between June 14 and June 30, 2023.

Editor's Notes

Written by qwikwit | Staff
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300000 for married couples filing jointly
    • $225000 for heads of households
    • $150000 for all other filers
  • The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
  • See the forum thread for deal discussion.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by krispytreat007

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Top Comments

Eagles89
5963 Posts
786 Reputation
You forgot to mention the $1390 destination fee, $425 for wall connector, $230 for mobile charger, $250 non-refundable order fee.
scn312
168 Posts
65 Reputation
Tesla Model 3 RWD starts at $40,240 but is now eligible for the full $7,500 federal tax credit (income limits apply). Previously, it was only eligible for $3,750. This makes the starting price $32,740 after tax credit.

https://www.tesla.com/model3/design

Deal is even sweeter if you live in a state with additional credits:

VT: $26,320
MA: $26,830
PA: $27,330
RI: $27,820
DE: $27,820
NY: $28,320
CA: $28,330
CO: $28,330
CT: $29,030
ME: $29,320

Full tax credit details below, but the following income limits apply:

$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers

https://www.irs.gov/credits-deduc...3-or-after
Knightshade
15329 Posts
4338 Reputation
NO IT DOES NOT.

Withholding is totally irrelevant to qualifying for the credit.

If you're unclear on this go read a 1040.

The part where you compute tax liability is lines 16 through 24.

THAT is where the $7500 EV credit comes off.

Your withholdings aren't even looked at until after that on line 25+







This is also not correct.

The Child Tax Credit is worth a maximum of $2,000 per qualifying child. Up to $1,600 is refundable for the 2023 tax year.

Refundable credits are computed AFTER non-refundable ones-- so the CTC is only "worth" $400 off your tax burden for these purposes- the $1600 left is refundable.

Thus if you had say $7900 in tax burden and one CTC and one EV credit, your tax burden would go to $0 and you'd get a full refund of the $1600 refundable part of the CTC


Source:
https://www.nerdwallet.com/articl...tax-credit

1,792 Comments

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Jun 6, 2023
518 Posts
Joined Mar 2007
Jun 6, 2023
kipper99
Jun 6, 2023
518 Posts
Quote from ggapropros :
Agreed, I don't like how billions of tax dollars go to oil drilling either. I'm not sure why I pay a dollar of that considering I haven't used a single ounce of gasoline this year. That cost should be shouldered entirely by the engine burning the gas or the cost of the gasoline itself from the pump

Then in 10 years tax payers are going to be paying for carbon sequestration because our crops will be wiped out by the radiative forcing properties of carbon dioxide Frown
how about plastic? did you use any? CPVC or PEX pipe i your place?
Electricity?
5 year old may have better comments
Jun 6, 2023
11 Posts
Joined Aug 2022
Jun 6, 2023
SociableWealth9539
Jun 6, 2023
11 Posts
Quote from NiceGuyFinishLast :
Can you explain further or provide links? What is the income limit for these program?
CVRP Home | Clean Vehicle Rebate Project [cleanvehiclerebate.org]
Refer to this site, not everyone will qualify for the full amount. There's 2 applications to do, One is the Clean Vehicle Rebate Project Increased Rebate, the other is Clean Vehicle Assistance Program. One is a grant with its own terms and conditions (have to own the car 30 months, use this grant at specific dealerships, i think there's only 1 tesla in California that takes it, and others terms...). The other is a rebate application you submit within 90 days of purchasing. I haven't gone through the whole process but there's the info.
Last edited by SociableWealth9539 June 6, 2023 at 01:24 PM.
1
Jun 6, 2023
11 Posts
Joined Aug 2022
Jun 6, 2023
SociableWealth9539
Jun 6, 2023
11 Posts
Quote from BoastfulPlant172 :
Which incentives? I'm on the fence as I also don't have a good way to charge at home (extension cord dangled off the 2nd floor balcony? Ha) But if it comes out cheap enough I'll just go to a supercharge station once a week and it'll still be less than I'm paying in gas now...
CVRP Home | Clean Vehicle Rebate Project [cleanvehiclerebate.org]
Refer to this site, not everyone will qualify for the full amount. There's 2 applications to do, One is the Clean Vehicle Rebate Project Increased Rebate, the other is Clean Vehicle Assistance Program. One is a grant with its own terms and conditions (have to own the car 30 months, use this grant at specific dealerships, i think there's only 1 tesla in California that takes it, and others terms...). The other is a rebate application you submit within 90 days of purchasing. I haven't gone through the whole process but there's the info.
Last edited by SociableWealth9539 June 6, 2023 at 01:25 PM.
2
Jun 6, 2023
6,256 Posts
Joined Nov 2012
Jun 6, 2023
R3DTR1X
Jun 6, 2023
6,256 Posts
2024 and 2025 models are going to be a lot more competitive, I expect prices to fall substantially over the next 1-2 years. All asset classes are inflated right now.
Jun 6, 2023
2,889 Posts
Joined Mar 2009
Jun 6, 2023
Ananke
Jun 6, 2023
2,889 Posts
Yep, at this price, Tesla 3 is the most sensible car to buy. Not sure how the insurance is these days, that may cause some financial disparity, but otherwise - can't be stolen, can't have your catalytic converter violated, pretty good space inside and relatively compact outside. CA DMV registrations are still cheaper for electric vehicles. At this point it is cheaper than basic Camry SE, which often comes with "dealer installed options" for another couple thousands. The tech is not even comparable.
Elon realized that if he can have a large base of cars, will likely get the monopoly over the charging network, which puts him in the rare opportunity to become the new Rockefeller of 21st+ centuries.
1
Jun 6, 2023
4 Posts
Joined Nov 2019
Jun 6, 2023
StrongRaccoon9537
Jun 6, 2023
4 Posts
I got a question if I owe federal taxes $10,000 I will get the full credit for $7500 and then I would only have to pay $2500 for taxes??
Jun 6, 2023
2,291 Posts
Joined Jun 2009
Jun 6, 2023
Deal_Breaker2
Jun 6, 2023
2,291 Posts
Tesla to sell Auto Pilot and FSD to other car manufacturers.

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Jun 6, 2023
1,263 Posts
Joined Jan 2011
Jun 6, 2023
dapurplert
Jun 6, 2023
1,263 Posts
Wait for the EVs coming from REAL auto manufacturers with REAL service. Don't become the statistic of someone stuck with a broken car for months who gets flamed for complaining about it from Musk nuthangers. The horror stories on these cars are far, far too numerous IMO.
2
Jun 6, 2023
52 Posts
Joined Mar 2006
Jun 6, 2023
easybuybuy
Jun 6, 2023
52 Posts
Quote from StrongRaccoon9537 :
I got a question if I owe federal taxes $10,000 I will get the full credit for $7500 and then I would only have to pay $2500 for taxes??
That is right.
Jun 6, 2023
108 Posts
Joined May 2020
Jun 6, 2023
DonRab
Jun 6, 2023
108 Posts
Quote from dapurplert :
Wait for the EVs coming from REAL auto manufacturers with REAL service. Don't become the statistic of someone stuck with a broken car for months who gets flamed for complaining about it from Musk nuthangers. The horror stories on these cars are far, far too numerous IMO.
Tesla is the best EV manufacturer in the planet right now? Where are you planning on buying your Jetson UFO from that's more reliable? Lol.
Jun 6, 2023
108 Posts
Joined May 2020
Jun 6, 2023
DonRab
Jun 6, 2023
108 Posts
Just wanted to say I bought my model 3 in 2019. Have not had any issues with the car, service department is always full but that because we need more Tesla dealerships in central FL. Also, best car I've ever owned. Favorite to have ever driven. #sorry to all the haters just my experience.
Jun 6, 2023
30 Posts
Joined Feb 2022
Jun 6, 2023
TechJunkie5
Jun 6, 2023
30 Posts
Quote from Eagles89 :
You forgot to mention the $1390 destination fee, $425 for wall connector, $230 for mobile charger, $250 non-refundable order fee.
1 - The 250 deposit is deducted from the total due. so this comment is deceptive. 2 - most people use the mobile charger as their home or wall connector. most people do not get both. 3 - I believe most stealerships also charge a destination fee. 4 - did you get burned up by not investing in tsla in 2019
Jun 6, 2023
30 Posts
Joined Feb 2022
Jun 6, 2023
TechJunkie5
Jun 6, 2023
30 Posts
i nought my model 3 in 2020. it embarrassing how much better this car is to your typical 30k gas guzzler. waking up to a 'full tank', the quiet, the lack of noxious and dangerous emissions, blowing past dangerous drivers, the constant improvement through over the air updates. amazing. yes, their are other good Evs, but the charging network sets this one apart imho
2
Jun 6, 2023
111 Posts
Joined Nov 2019
Jun 6, 2023
WiseMoney8002
Jun 6, 2023
111 Posts
I don't see $37830 on website, looks $40240. I guess topic owner reduce existing inventory discount. I already bought one. I went to demo drive and like the car.

$37830
-7500 federal tax credit
-3500 ma ev rebate(refundable)
-1500 trade in discount on sales tax. I am waiting for final trade in offer, for now it show $1000 more than I expected. I hope they give that number. My delivery date is next tuesday.
Total 25330.

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Jun 6, 2023
1 Posts
Joined Nov 2019
Jun 6, 2023
SmartScent1147
Jun 6, 2023
1 Posts
Quote from MurraytheDemonSkull :
New Model 3 will be released soon, I suggest waiting few months if you are not in a rush.
As you said

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