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Level 3
May 2, 2023
Question

2022 Tesla Y electric car credit $7500

  • May 2, 2023
  • 2 replies
  • 19 views

2022 Tesla Y electric is suppose to get a $7500 tax credit but the software is not

picking it up. I verified that it is entitled to a $7500 tax credit and I've done several

electric car credits in the past and checked that my entries are correct.  Can anyone

shed some light on what I might be doing wrong.

This topic has been closed for replies.

2 replies

Just-Lisa-Now-
Intuit Community Champion
May 2, 2023

Tesla ran out of credits in 2021 and were a bust for 2022, they brought back the credits in 2023 though. 

A 2022 Tesla bought in 2023, would qualify.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 8
May 3, 2023

Is there any way you can do it by entering an adjustment on the line?

ljr
Level 9
May 3, 2023

check their AGI - is it too high? We had 1 client this year for EV and it was a Tesla - their income was over the limit for the credit. 

Level 15
May 3, 2023

@ljr wrote:

check their AGI - is it too high? We had 1 client this year for EV and it was a Tesla - their income was over the limit for the credit. 


 

Tesla didn't qualify at all for 2022.  And there was no income limit in 2022.