EV credit for AGI > $300K ?

[Anonymous]

Many DCUMers are likely to have Modified adjusted gross income more than $300K which is the limit for getting EV tax credit for Joint tax returns. It is $150K for single filing. How are folks claiming the EV tax credit in such cases?

[Anonymous]

We bought our EV in April 2022 when there were no income limits.

[Anonymous]

We haven't done this yet, but are thinking of having our 20 something buy the car

[Anonymous]

They aren’t.

[Anonymous]

I am not sure how it works but you can apparently get around it by leasing the car.

[Anonymous]

Anonymous wrote:We haven't done this yet, but are thinking of having our 20 something buy the car

If you claim your 20yo, that's not going to work.

[Anonymous]

"The group found that Model S, 3, and X drivers have annual household incomes that average $151,096, $133,879, and $146,623, respectively...."


from an article dated march '23

surprised those numbers aren't higher, especially for S and Y

wonder what medians are

still, looks like a fair amount will still qualify

[Anonymous]

^ sorry, X not Y

[Anonymous]

People are bad with money. This is nothing new.

[Anonymous]

Anonymous wrote:"The group found that Model S, 3, and X drivers have annual household incomes that average $151,096, $133,879, and $146,623, respectively...."


from an article dated march '23

surprised those numbers aren't higher, especially for S and Y

wonder what medians are

still, looks like a fair amount will still qualify

Those are almost certainly medians.

[Anonymous]

Anonymous wrote:"The group found that Model S, 3, and X drivers have annual household incomes that average $151,096, $133,879, and $146,623, respectively...."


from an article dated march '23

surprised those numbers aren't higher, especially for S and Y

wonder what medians are

still, looks like a fair amount will still qualify

Much bigger numbers in
https://www.teslarati.com/survey-model-x-owners-income-double-model-s/

I doubt people who can afford Teslas and have high incomes like doing surveys for rando research companies.

[Anonymous]

https://www.teslarati.com/survey-model-x-owners-income-double-model-s/

^that's an old article.... 01.2017

[Anonymous]

Anonymous wrote:We bought our EV in April 2022 when there were no income limits.

We bought ours in late December last year in order to get ahead of the change.

[Anonymous]

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

excellent reference

scroll to bottom

[Anonymous]

Apparently there's also $2,500 VA specific credit. Anyone successful claiming that?