Can you get an EV Tax Credit for a lease on a 2023 Tesla Model 3

[ianwk92-gmail-co]

If so, how do I go about claiming or filing this on TurboTax?

[JohnB5677]

The IRS has given automakers and EV shoppers who prefer to lease a way to circumvent the new North American assembly requirement for a $7,500 federal tax credit for EVs and other clean cars.

On January 1, 2023, the Inflation Reduction Act of 2022 qualified certain electric vehicles (EVs) for a tax credit of up to $7,500. Based on new IRS guidance, the $7,500 credit will be reduced for Model 3 Rear-Wheel Drive on April 18 to $3,750.

Federal Tax Incentives

[ianwk92-gmail-co]

If I got the car Jan 2023, does it count towards this years taxes or next?

[KrisD15]

A leased vehicle MIGHT get a credit, but it is not the same as PURCHSING an electric vehicle. 

The credit is given to the "owner/dealership" and hopefully passed down to the person that takes the lease. 

A credit for a leased EV is not taken on a tax return. 

Link

[MStepan]

So is the answer YES or NO? A 2023 Tesla Model 3 leased from Tesla beginning in September 2023. I've read that "generic language" multiple times. This is a very specific question. Please/thanks. Mark

[DoninGA]

@MStepan 

You cannot get the EV credit on your tax return since you are Not the owner of the EV vehicle.

[Vanessa A]

No, in order to claim the credit, you must purchase the vehicle.  Leased vehicles do not count for the credit as a lease is not a purchase it is more of a rented vehicle for an extended period of time .  @MStepan