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Customers are limited to two time-of-sale tax credits per year. Tax Credit for Each Vehicle: Model 3 Performance: $7,500 Model X Dual Motor: $7,500; 2024 Model Y Rear-Wheel Drive: $7,500; Model Y Long Range: $7,500 Model Y Performance: $7,500 AGI Limitations. $300,000 for married couples filing jointly $225,000 for heads of households
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Feb 3, 2023 · Tesla Model Y, which is undoubtedly the most important EV this year, has gained full access to the $7,500 federal tax credit with a new $80,000 price limit. With the new year, the US Treasury...
Dec 28, 2023 · Fewer EV models qualify for the tax credit this year as requirements imposed by the government get stricter. Some versions of the Tesla Model 3, for instance, no longer qualify.
- Camila Domonoske
Feb 3, 2023 · Tesla's Model Y model and other electric vehicles from auto manufacturers including Ford, General Motors and Volkswagen will now qualify for a federal tax credit of $7,500, the IRS...
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Jan 7, 2023 · You can get a $7,500 tax credit, but it won't be easy. Updated April 3, 202311:10 AM ET. Camila Domonoske. Enlarge this image. For the first time in years, some Teslas will qualify for a...
- Camila Domonoske
Dec 29, 2022 · Tesla Model 3 Long Range: $55,000: 2023: Tesla Model Y All-Wheel Drive – 7 seat variant (3-rows) $80,000: 2023: Tesla Model Y Long Range – 7 seat variant (3-rows) $80,000: 2023:...
May 1, 2024 · People who buy new electric vehicles may be eligible for a tax credit of up to $7,500, and used electric car buyers may qualify for up to $4,000. New in 2024, consumers can also opt to transfer...
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