devang304
Returning Member

2023 Tesla EV tax credit for $0 income?

Hi,

 

I file taxes as single person. I voluntarily quit my job last year so my income for 2022 in $0. However, I just started a new job on 01/03/2023 with an income greater than $150,000. I plan to buy a Tesla with a delivery date of February 2023 but I was wondering how I can take benefit of the $7500 tax credit. According to the IRS website, I can use the AGI for the year I take delivery or the year prior whichever is lower. While filing tax return this year for 2022, my income will be $0 so I'm assuming my taxes will also be close to $0. However, when I file taxes in 2024 for my income in 2023 can I still use my 2022 AGI to get the $7500 tax credits?