expiredxTorquEx posted Apr 05, 2024 05:46 PM
Item 1 of 2
Item 1 of 2
expiredxTorquEx posted Apr 05, 2024 05:46 PM
2024 Tesla Model Y + $7,500 Federal Tax Credit
(For Qualified Buyers)$40,490
$44,990
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Deal Details
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).
Thanks to Community Member xTorquEx for finding this deal.
Available models:
Thanks to Community Member xTorquEx for finding this deal.
Available models:
- Tesla Model Y (Standard Range) from $40,490
- Tesla Model Y (Long Range) from $44,990
- Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140
Editor's Notes
Written by megakimcheelove | Staff- 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.
- Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).
Thanks to Community Member xTorquEx for finding this deal.
Available models:
Thanks to Community Member xTorquEx for finding this deal.
Available models:
- Tesla Model Y (Standard Range) from $40,490
- Tesla Model Y (Long Range) from $44,990
- Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140
Editor's Notes
Written by megakimcheelove | Staff- 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.
- Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
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Top Comments
There's a pattern with Tesla threads here. I don't care if you all wanna discuss the deal or the cars but it always turns into paaaages and paaaages of bickering back and forth and nobody ,except for the few involved, enjoy that or wanna wade through that. So cut that stuff out, please and thank you.
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This is akin to "Don't buy a sedan if you need to haul a half ton of mulch" or "Avoid trucks if you need good gas mileage." Like...yeah, not every vehicle is a great vehicle for every situation.
When the vast majority of people look at their driving habits, they realize they take these "long" trips like 1 or 2 times a year, and usually would have ample access to charging. We're talking like an extra hour or two per trip.
But 2500 is a far cry from 10
I was actually able to benefit from this not long ago. Got a car with similar mileage, so was able to get slightly better price due to mileage, but also had access to new car options (mainly service plan which I was interested in.
The demo model does not have the same warranty. The warranty starts when the car was put in service so the demo models will have slightly shorter time and less the milage it was driven. Take a look at the listing and it will tell you when the warranty will end. This will also give you an idea of how long the car has been in service. Mine was in service a month before. When I ordered it, it was parked where they keep the excess inventory. So I lucked out. Other then that, everything else about the warranty was the same.
I read speculation that the premium connectivity and FSD will remain on by accident but that was not the case for me. I still have some FSD left from referral so I can't be certain. My premium connectivity ended promptly 1 month after I took possession of the vehicle. So don't expect any extra there.
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As long as your income is below 150k single, or 300k married filing jointly, you can take the credit at point of sale.... and if your tax liability when you file is less than $7500 the IRS will not make you pay back the difference.
If correct, and a person has less than $7500 taxes due typically, can/should that person withhold partial/whole salary amounts in the same year of purchase, so causing the person to have tax liability at the end of the year which would be closer to $7500 or more, where then this Tesla credit would apply to it?
Total liability, and how much you "owe when you file" are entirely different things--- salary withholding is just you pre-paying part of the total liability, it doesn't change the AMOUNT of total liability.
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