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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
Federal EV 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.
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Here's how cheap you can get a new Model 3 RWD right now (including fed & local EV incentives):
• VT: $26,320
• MA: $26,830
• PA: $27,330
• MD: $27,330 - Delivered after July 1, 2023 https://marylandev.org/maryland-ev-tax-credit
• RI: $27,820
• DE: $27,820
• NY: $28,320
• CA: $28,330
• CO: $28,330
• CT: $29,030
• ME: $29,320
on top of above info federal, state and local incentive info that i posted , some employers are also providing ev incentive like exaple bank of america employees gets $5k incentive , in this case the best case scenario is like below
example scenario
• VT: $26,320 - $5000 bank of america employee ev incentive = $21,320
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CA CLEAN VEHICLE REBATE PROGRAM
$2K is available if your household makes <$200k.
There is an increased rebate of $7500 ($5500 on top of the $2k) available if you fall below income caps based on your household size.
Family of 4 max is $111k, Family of 6 is $149k.
This comes in the form of a check in 2-3 months. https://cleanvehiclereb
This is separate from the CARB Clean Vehicle Grants described below the dashes. It is possible to qualify for both, but the timing is different.
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And California residents that live in a disadvantage community (DAC) https://cleanvehiclegra
Disadvantaged communities are determined using CalEnviroScreen (https://oehha.ca.gov/calenviroscr...
here's the DAC map: https://oehha.ca.gov/calenviroscreen/sb535
And receive an Approval Letter through email.
You must receive an Approval Letter BEFORE you purchase a vehicle. We do not offer rebates and you cannot redeem a grant if you have purchased a vehicle before being approved.
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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
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.
1,792 Comments
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Doing a warranty repair on the first gen infotainment would've just swapped in a new 1st gen unit like any other legacy repair, not upgraded you to the much more powerful 2nd gen one.
Once again you've misunderstood the entire point, content, and details, of the post you're replying to in your zeal to confusedly jump up and down about how much you hate Teslas.
Also, everyone who was out of warranty, had the emmc issue, and chose NOT to upgrade to a next gen system got it repaired- even out of warranty- for free
Those who did it themselves before this campaign got reimbursed, in full, after the fact.
So even your misunderstand of what the topic is led you to bring up something you're fundamentally wrong about
No.
They offer free subscriptions to individuals that include all of the following:
Service Manual, Parts Manual, and Body Repair
Tooling Catalog and Wiring Diagrams
Service Bulletins
Labor Codes and Times
Meanwhile over at, say, lexus, you have to pay for this subscription annually for a bit over $500 a year.
So once again, Tesla is better than Lexus (or other OEMs, most of which charge for this- maybe all)
I'm not entirely clear what you're trying to determine aftermarket support for.
If you want to just upgrade the sound of the stereo (though it's already better than the Mark Levinson system in my Lexus was stock vs stock) you can just swap the speakers for ones more to your personal taste.
There isn't a traditional "stereo" to replace though like there was in your 2012 Lexus. The infotainment system is a literal PC running Linux with a touchscreen... the 2nd gen one the really old Teslas can upgrade to is Intel based... and the 3rd gen system now coming in new cars is running an AMD Ryzen.
Also, what's the latest on the Project Highland revised Model 3? Should I hold off. Key points for me would be price, features and whether it's still eligible for the Federal rebate.
Thank you.
Also, what's the latest on the Project Highland revised Model 3? Should I hold off. Key points for me would be price, features and whether it's still eligible for the Federal rebate.
Thank you.
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Thank you.
There is no latest other than "it's probably coming later this year- with nothing but unconfirmed rumors on features (either adds or deletes), nor date, or price"
That said there's no reason I can imagine it wouldn't qualify for the full federal rebate at least through end of 2023 given every version of both 3 and Y qualify today.
Might not be the case for the non-US battery trims next year, but again there isn't enough info to know that for sure.
Also, what's the latest on the Project Highland revised Model 3? Should I hold off. Key points for me would be price, features and whether it's still eligible for the Federal rebate.
Thank you.
I know a lot of folks will say well I'm not going to use Full Self Driving so I don't need HW4, but unless you plan to keep the car forever, resale value will come into play at some point and HW3 will be worth a LOT less.
There is no retrofit to HW4 from HW3
I know a lot of folks will say well I'm not going to use Full Self Driving so I don't need HW4, but unless you plan to keep the car forever, resale value will come into play at some point and HW3 will be worth a LOT less.
There is no retrofit to HW4 from HW3
Current HW4 cars actually have fewer cameras- but they're higher resolution ones (they reduced the # of front-facing cams from 3 to 2)
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