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stech
Level 4

Tesla tax credit 2023 & sale in 2024

If I buy Tesla Model 3 today & sell in Jan 2024, will I be able to claim tax credit of $7500 on 2023 return?

 

since in 2024, tax credit is decreasing to $3750 for all models 3

 

does anyone know if tax credit for used Tesla is for 2024 also decreasing?

 

 

posted
‎December 6, 2023 2:50 PM
last updated ‎December 06, 2023 2:50 PM
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Anonymous_
Level 15

Tesla tax credit 2023 & sale in 2024

@Critter-3 

‎December 6, 2023 5:39 PM
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Critter-3
Level 15

Tesla tax credit 2023 & sale in 2024

If I buy Tesla Model 3 today & sell in Jan 2024, will I be able to claim tax credit of $7500 on 2023 return?  YES you can if you qualify for the credit. 

 

https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

 

https://fueleconomy.gov/feg/tax2023.shtml

‎December 7, 2023 9:50 AM
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