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Income limits: There are income limits for both new and used EV tax credits. For new EVs, your AGI must be below $300,000 for married filing jointly, $225,000 for head of household and $150,000 ...
Tesla stock surged on Wednesday on news that consumers can now get a $7,500 federal EV tax credit for Model 3 sedans. ... (6/6/2023) (Tesla ... $32,740 if buyers meet criteria including income ...
The list of EVs eligible for a $7,500 tax credit got a lot shorter on January 1. ... still qualifies with a $55,000 MSRP limit. Tesla Model Y. Tesla. ... 2023 Ford Escape Plug-In Hybrid and ST ...
Another change is that the amount of the tax credit does not depend on battery size. If your EV or plug-in hybrid has a battery capacity of at least 7.0 kilowatt-hours, you can get the full $7500 ...
2024 Tesla Model 3 Performance ($7500) Unfortunately, the batteries in the standard-range rear-wheel-drive Tesla Model 3 keep it from being eligible for the full $7500 tax credit. On the other ...
The new rules allow buyers to claim the tax credit of up to $7,500 at a participating dealership at the point of sale. The tax credit sets limits on vehicle price and buyer income to qualify.
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Here are three ways to trim $7,500 off your Tesla purchase. 1. Get the full tax credit. ... To be eligible for the tax credit, your modified adjusted gross income (AGI) can't exceed $300,000 for ...