Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching Decoding Tesla's Point-of-Sale EV Tax Credits: How They Work! (Not Financial Advice). and this video is uploaded by Bearded Tesla Guy at 2024-01-02T06:00:07-08:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [HOVya6zGx7k]
| Name | Decoding Tesla's Point-of-Sale EV Tax Credits: How They Work! (Not Financial Advice) |
| Video Uploader | Video From Bearded Tesla Guy |
| Upload Date | This Video Uploaded At 02-01-2024 14:00:07 |
| Video Discription | It is officially 2024, and that means that EV Tax Credits for Tesla and others is now eligible for Point Of Sale (POS) transfer. With his major change to the tax code in EV tax credits, 2024 is likely to be the year of the EV. Not only did Tesla once again start qualifying for the EV tax credit of up to $7,500 beginning in 2023, but that tax credit is now able to be realized at time of sale, or when you actually buy the EV. The problem is that Tesla, and others, have not yet registered with the IRS to access their portal. This IRS portal access allows authorized dealers to initiate the transfer of the $7,500 tax credit on consumers behalf. By transferring the credit to the dealer, you are able to get that $7,500 immediately rather than waiting until tax season the following calendar year. There are also some loopholes at play that could bring new advantages to Tesla customers also. When the tax credit is transferred to an authorized dealer, the customer no longer has to have the tax liability to receive the full credit. That said, income caps of $300k for joint filers and $150k for individuals still stands and will be cause for recapture. Because Tesla does not appear to have started the process to allow the transfer of credits at time of sale, as it stands right now, customers will have to continue to pay full price for the Tesla and get their credit when filing their taxes the following tax season. This is truly unfortunate that this delay is happening as the Model Y continues to dominate global sales. The Model 3 did have a big change, now only the Performance Model 3 qualifies for the tax credit. This makes the Performance Model 3 cheaper than the Long Range Model 3 and only a few thousand more than a RWD Model 3. Fortunately the Model X AWD continues to qualify in its base configuration only. Any option added will increase the MSRP to above the maximum of $80k. Hopefully in the coming days we will get better visibility from Tesla on timing of the Point of Sale tax credit being available. Tesla stands to delay significant demand without the point of sale tax credit being available. **NOT FINANCIAL ADVICE** Links: Qualified Vehicles: https://fueleconomy.gov/feg/tax2023.shtml IRS Guidance 12.29.23: https://www.irs.gov/pub/taxpros/fs-2023-29.pdf IRA Law: https://www.congress.gov/bill/117th-congress/house-bill/5376/text Join this channel to get access to perks: https://www.youtube.com/channel/UCBsANJdoKs-BVz-kLT2BeVQ/join Follow us: Twitter @BeardedTesla https://twitter.com/BeardedTesla Instagram BeardedTesla https://www.instagram.com/beardedtesla/ Accessories DIY PPF Pre Cut Kits Save 20% with code "BTG" https://driveprotected.shop Floor Mats, 3DMAXpider use code BTGMAX for $10 off - https://www.formytesla.com/product/maxpider-all-weather-custom-fit-front-and-rear-seats-and-optional-frunk-and-trunk-floor-liners-for-model-y/ DIY Ceramic Coat use code BTGCC for $10 off - https://www.formytesla.com/product/nanoglass-ceramic-coating-diy-detailing-kit-provides-high-gloss-5-years-durability-model-y/ Mattress use code BTG for $10 off - https://www.formytesla.com/product/portable-tri-fold-6-thick-mattress-sleep-in-tesla-home-guest-bed-model-y/ Hansshow Power Frunk use code BTG for 15% off - https://www.hautopart.com/product/model-y-power-frunk-trunk-kick-sensor/ Matte Screen Protector - https://amzn.to/3o7IaLN Clear Screen Protector - https://amzn.to/35bhD7E Center Console Cover - https://amzn.to/31oIYlO iPad Holder - https://amzn.to/2YLBbgZ Mobile Connector Organizer - https://amzn.to/3iiUkOP Car Seat Covers - https://amzn.to/2Vsc9kX Phone and Glasses Holder - https://amzn.to/2IQcnzb iPhone Charging Cable - https://amzn.to/3svnEG5 Roof Sunshade - https://amzn.to/3geCUVi Filming Equipment Canon M50 - https://amzn.to/3lqNfww Sigma 16mm Lense - https://amzn.to/2SDHE9E 128 GB Pro SD Card - https://amzn.to/3nv242V GoPro Hero 8 - https://amzn.to/38mwltO GoPro Tripod - https://amzn.to/3dPO7GK GoPro Media Mod - https://amzn.to/2YJlbMl GoPro Suction Mount - https://amzn.to/3eI67UO Microphone - https://amzn.to/2ZmZlgN As an Amazon Associate I earn from qualifying purchases If you are ready to order your new Tesla, don't miss out on your free 1,000 miles Supercharging by using my referral code - https://www.tesla.com/referral/justin35851 [HOVya6zGx7k] |
| Category | Autos & Vehicles |
| Tags | Tesla | Tesla News | Tesla Model Y | Model Y | Model Y Tesla | 2021 Model Y | Performance Model Y | New Tesla | New Tesla Model Y | New Model Y | Model Y Refresh | Cheaper Model Y | EV Tax Credits | Green Act | Tesla Tax Credit | New Tax Credits | EV Tax Credit | Tesla Tax Credits | Tesla EV Tax Credits | Model Y Tax Credit | Model 3 Tax Credit | New EV Tax Credits | Cheapest EV | Cheap EV | Tesla 7500 | Model X Tax Credit | Point of Sale Tax Credit | EV Tax Credit Point of Sale |
