Here is my situation:
I am buying a new Tesla Model Y and would like to see if I can claim the EV tax credit. I am working full time but my total annual income is above the AGI limit. My wife is currently not working so she does not have an income. We usually file our tax jointly, but that would not qualify the tax credit. I am wondering if we can still get the tax credit, if we:
1. Have my wife to be the owner of the car.
2. In the 2024 tax return we file separately, so my wife's tax return would have no income.
So my questions are:
1. Is it a good way to get the tax credit?
2. If we will file the tax return separately, most likely we will pay a higher tax. In this case, is it still worth doing it?
Thank you and appreciate your input!
