Reply to Tesla now only $23k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How many people who can afford/want to drive a tesla actually qualify for the tax breaks though. The limits are too low.[/quote]

What’s the limit? [/quote]

maximum of $300,000 for a household, $150,000 for an individual or $225,000 for a head of household.

https://www.npr.org/2023/01/07/1147209505/electric-car-tax-credit-climate-bill-tesla-volkswagen-ev

I am never certain, though, if it means AGI or just gross.[/quote]

Almost always means AGI.

I never knew Biden and the Dems were so conservative, withholding tax incentives from 2-income families. Get back in the kitchen, spouses!

Or maybe they are liberal, and they want us to cohabitate instead of marry? 
[/quote]
?

The vast majority of Americans make less than $300K HHI.  If your HHI is $300K, you are in the to 5%  and can afford a $30K car.

Our HHI is about $300K. We bought a car a few years ago for $30K cash.[/quote]

hmm but we were looking into purchasing a Pacifica and I/m not going to lie.. it ticked me off that my retired and very wealthy [b]family members paid 7000 less for it two months ago bc their AGI is less than ours and I expanded my list to include non evs[/b].. especially b/c teh batteries are terrible and I dont actually drive a lot, less than ten miles per week. was getting the car fro road trips. no-one likes feeling like they are getting ripped off- anyone who is getting w-2 income should be eligible for the tax break. [/quote]

Tax credits are not a discount off the price of the car. They paid the same or similar for the vehicle.

[/quote]

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