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.
Community Voting
Deal Score
+310
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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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How does that work and why is there a difference? I have not stepped into a Tesla show room yet. Just trying to understand how does this buying work?
If I purchase online, I show up and the car say hypothetically has misaligned panel or some damage that was repaired, if they have anohther same car, do they swap? Or do they take the $250 and make me redo the purchase and pay the $250 order fee again?
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What if, just maybe, some of us don't see this as a good value right now and aren't willing to part with our hard earned cash on this deal? I don't jump on every deal posted on here. Maybe instead I'll look into how the used ones are and buy one of those instead, which is actually better for the environment. Buying used things is actually very good for the environment, I've purchased many used vehicles in fact.
I see hit pieces on Tesla's frequently but me and numerous owners I know have had different experiences.
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.
How does that work and why is there a difference? I have not stepped into a Tesla show room yet. Just trying to understand how does this buying work?
If I purchase online, I show up and the car say hypothetically has misaligned panel or some damage that was repaired, if they have anohther same car, do they swap? Or do they take the $250 and make me redo the purchase and pay the $250 order fee again?
Sign up for a Slickdeals account to remove this ad.
"A4. The amount of the credit that the electing taxpayer elects to transfer to the eligible entity may exceed the electing taxpayer's regular tax liability for the taxable year in which the sale occurs, and the excess, if any, is not subject to recapture from the dealer or the buyer. "
so the dealer, in this case, tesla, will not deal with any recapture if you do not qualify. This does not mean that topic H Q3 does not matter, it specifically states how the dealer, not the buyer and not the IRS, handles the credit for the purposes of being point of sale
Hell you quote and bold it showing you are wrong.
No recapture from Dealer OR buyer.
It literally says both then you claim it only says one.
How embarrassing for you.
"A4. The amount of the credit that the electing taxpayer elects to transfer to the eligible entity may exceed the electing taxpayer's regular tax liability for the taxable year in which the sale occurs, and the excess, if any, is not subject to recapture from the dealer or the buyer. "
Pay attention to the terms they use. The "taxpayer" and the "buyer" are not the same entity. Buyer here is probably referring to the dealer (buying and reselling).
The taxpayer and the buyer are exactly the same entity.
The entire point of the POS credit is that the buyer (taxpayer) is transferring the credit to the [B]dealer[/B}
And that question and answer makes clear neither will be subject to pay anything back if the taxpayers liability is less than $7500.
It's stunning the IRS specifically explains this and you guys keep getting it fundamentally wrong.
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