My wife and I will be filing our taxes as married filing jointly for the 2023 tax year (I.e., in 2024).
We bought a model 3 early in 2023 and are considering trading in our other vehicle for a model Y. Both vehicles qualify for the $7500 tax credit.
We make under the $300,000 cap and our tax liability will end up being around $30000-$35000 for the 2023 tax year.
Can we get the EV tax credit for both vehicles if we file jointly? In other words, is there a limit on how many vehicles you can claim credit for if you file jointly, and are under the income cap?
We specifically want to file jointly because we will pay more in taxes if we do married filing separately.
Thanks advance for your help.
