https://www.tesla.com/modely/design#overview
Tesla Model Y
Dual Motor
All-Wheel Drive
Range: 330mi
Top Speed: 135 mph
0-60 mph: 4.8 seconds
Qualify for $7500 Federal Tax Credit with below income cap:
Adjusted Gross Income Limitations
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
QA Note: List Price Drop
Rear-Wheel Drive is $43,990
Dual Motor AWD Long Range is $48,490 Now $48,990
Extra Discount for already built ones, change to your zip code and check
https://www.tesla.com/inventory/n...&range=100
Please use
the referral link [ts.la] when you purchase one. Thank you!
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2,286 Comments
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What does it mean Tesla doesn't do all the work by itself? Not making any sense. It literally drives itself.
I wish people like you would at least try out FSD before making uninformed decision based on the biased media you read or watch. tesla comes with free 3 month trial. Give it a try.
That doesn't start until Jan 1 2024- buying this year still requires $7500 in tax liability to get the full credits value.
THAT said, it's important if doing this to insure the seller knows which person that is, because they have to report to the IRS who "bought" the car for tax purposes- IRS addresses that in the FAQ here, question 11:
https://www.irs.gov/newsroom/topi...%20vehic
The relevant bit:
So assuming say his dad qualified for the credit and was going to take it, they could both be on the title but they'd need to insure Tesla files his dad, not him, as the relevant person on the sellers report.
The income cap still exists as a hard limit next year- only the need for tax liability is going away--- The change is beneficial to lower income buyers as more will now be able to access the full credit (and access it at time of purchase so it reduces their loan if they take one)- doesn't help wealthier buyers who are over the income cap.
The guidelines even states 20 percent penalty for excessive payment claimed
Let's also think about this from a practical standpoint point, if people with no 7500 tax liability gets 7500 and people who do have to use their liability.
Should the people with the 7500 tax liability get the 7500 off the car but still keep that tax liability for other deductions? Otherwise it's 2 sets of rules , we call that discrimination
What would people think if millionaires receive same welfare payments monthly as low income folks?
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Section 6417(d)(6) provides rules relating to excessive payments. In the case of any amount treated as a payment that is made by the applicable entity under section 6417(af or the amount of the payment made pursuant to section 6417(c), that is determined to constitute an excessive payment, the tax imposed on such entity by chapter 1 of the Code (chapter 1), regardless of whether such entity would otherwise be subject to chapter 1 tax, for the taxable year in which such determination is made is increased by an amount equal to the sum of (1) the amount of such excessive payment, plus (2) an amount equal to 20 percent of such excessive payment. The increase equal to 20 percent of the excessive payment does not apply if the applicable entity can demonstrate that the excessive payment resulted from reasonable cause.
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...what?
If you make a million dollars a year you don't qualify for any of the EV credit- there's a hard cap on income, and above it you get $0.00 in credit.
The 2024 change does not touch that, it only impacts the tax burden aspect-- and as such only helps non rich people who previously might not have been able to use some of the credit.
Are you... mad that the law that was intended to make EVs more affordable for NON millionaires is.... doing literally that?
Why?
Weird claim... I got ~30k miles out of the original not-great factory tires, and based on depth measurements I expect to get nearer 50k out of the much better Michelins that replaced that (for about half the amount you cite as the cost of tires).
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