Skip to main content
Employee
December 6, 2023
Question

Tesla tax credit 2023 & sale in 2024

  • December 6, 2023
  • 1 reply
  • 0 views

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?

 

 

    1 reply

    Employee
    December 7, 2023
    Critter-3
    December 7, 2023

    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