Tesla Electric vehicle credit

[Pacun]

Do you know if Tesla's 2023 qualify for the EV credit? I would assume that Tesla has used up the quota a long time ago.

[Lee B]

I just did a return with a 2023 Model 3 which qualified for the $7,500 credit

I won't efile until tomorrow  morning after I meet with the clients.

[Pacun]

6 minutes ago, Lee B said:

I just did a return with a 2023 Model 3 which qualified for the $7,500 credit

I won't efile until tomorrow  morning after I meet with the clients.

Is the form easy to prepare? I think I have done only one a few years ago. 

[Lee B]

I use Drake, but yes it was easy. The hardest part was entering the very long VIN

[Terry D EA]

I think the phaseout you mention is for earlier model years. The 2023 Model 3 qualifies for 2023. Some models will qualify for 2024. 

[TexTaxToo]

Look up qualifying models here: https://fueleconomy.gov/feg/tax2023.shtml

But not every vehicle qualifies (even of the same model).  For example, MSRP must be <= $55,000 for sedans.