Item 1 of 2
Item 1 of 2
expiredxTorquEx posted Apr 5, 2024 5:46 PM
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(For Qualified Buyers)
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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1.5K Comments
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As long as you're under the income cap you can keep the $7500 point of sale credit, regardless of how much your actual tax burden is when you file.
As long as you're under the income cap you can keep the $7500 point of sale credit, regardless of how much your actual tax burden is when you file.
The eclipse was awesome!
I've read that come tax time, they'll have to pay back the $7500. Question is, how would the IRS know that a high earner in that scenario actually bought an EV and took the credit at point of sale?
AFAIK, dealers do not take SSN if no loan is being originated, so even if the dealer files paperwork to the IRS, how would the IRS match up the point of sale discount when the high earner files their tax?
As long as you're under the income cap you can keep the $7500 point of sale credit, regardless of how much your actual tax burden is when you file.
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That explains why this is the best selling car in the world I guess....
Board needs a clown emoji
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