Tesla Tax Credit

Forum|Forum|3 years ago
March 7, 2023
2 replies
19 views

Does a 2023 Tesla Model Y purchased in December 2022 qualify for the EV tax credit under the Inflation Reduction Act of 2022 or is it still subject to 0% phase out due to the 200,000-vehicle cap, which Tesla hit in January 2020?

ProSeries Basic

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itonewbie

Level 15

Sounds like someone wanted a shinny new toy for Christmas and couldn't wait a couple days more. For the lack of patience, the old rule on phaseout will apply, I'm afraid - unless it was delivered in 2023.

It's not the model year that matters. References made in §30D and the IRS guidance are to purchase date, delivery date, and placed in service date rather than model year.

---------------------------------------------------------------------------------Still an AllStar