Qualified new Tesla buyers who meet all federal requirements are eligible for a tax credit up to $7,500.
Yes, reductions to the current federal tax credit are expected after December 31.
Your AGI determines your eligibility. There are specific AGI limitations set by the federal government based on your filing status.
The AGI limit is $300,000 for married couples filing jointly.
The AGI limit for all other filers is $150,000
Yes, the vehicle’s MSRP at the time of delivery must not exceed specific caps set by the federal government.
The Tesla Model 3, Model X, and Model Y qualify, provided they meet the set price caps and other federal requirements.
Yes, the price caps set by the federal government are subject to change.
The tax credit for the Model 3 Rear-Wheel Drive is $7,500.