A $66,000 Tesla model Y, 2022 or 2023, will receive $7500 tax benefits when purchased between 9/28 and 12/31/2022?

Hi Polo3, thanks for the event question.

Inflation Reduction Act of 2022 (IRA 2022) signed into law on 8/16/2022. Hence terms used here are “Pre-IRA 2022” and “Post-IRA 2022.”

If Tesla EV delivered/title transferred between 9/28/2022 - 12/31/2022, there is no EV credit since the "Pre-IRA 2022" rules apply. Tesla has reached 200,000 manufacturer cap.

If Tesla EV delivered/titled transferred after 12/31/2022, "Post-IRA 2022" rules apply. It qualifies once again for the EV credit under the new law, subject to various taxpayer income limit, vehicle price limit, etc.

Please look at page 2 of below link, under the column of "Post-IRA 2022" under the label of "Clean Vehicles Credit": the highlights are -

*Max amount could be $7,500 non-refundable credit;

*Final assembly in North America;

*Vehicle price limits;

*Taxpayer income limits;

* If you do not have a large income tax liability so the EV credit can be useful in 2023, you might want to wait until 2024 when the dealer can reduce sale price by applicable credit.

Clean Vehicle Tax Credits in the Inflation Reduction Act of 2022

https://crsreports.congress.gov/product/pdf/IN/IN11996

Tesla Model Y is not currently on IRS tables below. Please check with dealers for more updated credit information.

Index for Manufacturers published by the IRS

https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit

Hope the above helps.