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Get your taxes done using TurboTax
Hi, @tmakellogg ! Unfortunately, you will not receive any benefit on your Federal tax return for the purchase of this vehicle, regardless of whether it's purchased in 2022 or 2023. This is because the manufacturer's sales cap for this particular vehicle has already been met. To put another way, only a certain number of credits can be claimed on this specific vehicle, and other taxpayers have already claimed those.
As to California, I am not aware of a separate state tax credit for electric vehicles. However, there appears to be a "Clean Vehicle Rebate" available. https://cleanvehiclerebate.org/en/eligible-vehicles For purposes of this rebate, it would not appear to matter if the purchase was in 2022 or 2023. Hope this helps!
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‎November 16, 2022
11:56 AM
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