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Tesla expects to deliver its 200,000th vehicle this year, which means new customers won't be eligible for a $7,500 tax credit. Dec 28, 2018 · “You may be able to get a Tesla before the $7500 US tax credit drops in 2 weeks, even if you haven’t placed an order yet,” Mr. Musk said via Twitter on Dec. 15. Dec 26, 2018 · A federal tax credit of $7,500 for Tesla and electric vehicles cuts in half after 2018 so Elon Musk is pushing sales of his Tesla vehicles before Dec. 31. You have five days until the credit shrinks.

You just shaved a bunch of money from the price you paid of that X especially if you, like me, paid a 37% tax rate on your business income last year. So in the case of my tax rate, I’d get $37,000 in dollar for dollar tax credit on a $100,000 Model X as my taxable income was in excess of $100,000. Jan 04, 2019 · Now Highest Tax Credit You Can Get is $3,750. The Tesla has actually hit their 200,000 are delivered in the US so this tax credit is going to begin to its phase-out period. In July Tesla hit their 200,000 the car delivered meaning that any Tesla delivered in Q3 or Q4 the remainder of 2018 will be eligible to receive that $7,500 rebate.

Jul 12, 2018 · Tesla Inc. says its customers won't get the full $7,500 federal electric vehicle tax credit after Dec. 31. The company says on its website that the credit on its vehicles will start to phase out. Feb 23, 2018 · Once the full tax credit disappears, for the next six months, buyers get a $3,750 credit. Then it drops to $1,875 during the following six months. Tesla is not alone in nearing the 200,000 mark. A General Motors spokesperson said Friday that it also expects to. Aug 10, 2018 · Since 2010, anyone purchasing a qualified electric vehicle, including any new Tesla model, has been eligible to receive a $7,500 federal tax credit. This tax credit begins to phase out once a manufacturer has sold 200,000 qualifying vehicles in the U.S. The Tesla Model X officially qualifies for a $25,000 business tax deduction due to its GVWR being over 6,000 pounds.

Oct 10, 2015 · Now, in a delicious twist of fate, it turns out that the Tesla Model X all-electric luxury SUV is eligible for the very same tax break. DON'T MISS: Gas Guzzler Tax. When I purchased my Tesla Model S back in 2014, I received a $7,500 Federal tax credit, an incentive that’s still available to new car buyers as of today not available to CPO models. But what.

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