CyberGus

Well-known member
First Name
Gus
Joined
May 22, 2021
Threads
72
Messages
6,535
Reaction score
21,278
Location
Austin, TX
Website
www.timeanddate.com
Vehicles
1981 DeLorean, 2024 Cybertruck
Occupation
IT Specialist
Country flag

CyberGus

Well-known member
First Name
Gus
Joined
May 22, 2021
Threads
72
Messages
6,535
Reaction score
21,278
Location
Austin, TX
Website
www.timeanddate.com
Vehicles
1981 DeLorean, 2024 Cybertruck
Occupation
IT Specialist
Country flag

Cyber_95

Active member
Joined
Feb 10, 2021
Threads
1
Messages
36
Reaction score
30
Location
Honolulu, HI
Vehicles
Model Y
Country flag
It will be very interesting to see what happens after January 1st when the tax credit shifts to the point of sale rebate process and what position Tesla takes via it's website disclosures.

Regardless of the process to apply the credit at point of sale, there will still be a process to claim the credit via the "traditional" method on your return because a taxpayer may not know at the time of purchase of a vehicle if they will be under the AGI threshold to be eligible for the credit and thus may not want to take the credit at point of sale (as they will be penalized if they end up over the limit at year end).
 

cvalue13

Well-known member
Joined
Aug 17, 2022
Threads
74
Messages
7,147
Reaction score
13,759
Location
Austin, TX
Vehicles
F150L
Occupation
Fun-employed
Country flag
Regardless of the process to apply the credit at point of sale, there will still be a process to claim the credit via the "traditional" method on your return because a taxpayer may not know at the time of purchase of a vehicle if they will be under the AGI threshold to be eligible for the credit and thus may not want to take the credit at point of sale (as they will be penalized if they end up over the limit at year end).
you’re confusing two different things. The question is about whether the truck qualifies, not the individual’s tax situation by YE.

regarding whether the truck qualifies, that will be determined and approved/denied by IRS at the time of sale.

separate matter of whether at YE the individual remains eligible for income reasons and possibly has to return the $7,500 for busting income cap.
 


mrbulk

Well-known member
Joined
May 30, 2020
Threads
15
Messages
208
Reaction score
253
Location
Las Vegas
Vehicles
Tesla Model S75D
Country flag
I know I read somewhere that starting next year, the $7500 point of sale tax credit should be provided in full, regardless of the buyers income (unless the max income threshold is exceeded, I presume) and found this CNBC article:

“Further, consumers would be eligible for the tax break regardless of their tax burden, which isn’t the case now. Currently, since the tax credit is non-refundable, buyers only qualify for any of the credit if they have a federal tax liability — a policy that tends to dilute the benefit for households with relatively low incomes, or exclude some entirely.”

https://www.cnbc.com/2023/12/28/750...uction Act offers,than waiting for tax season..
 

OhmsLolEnforcement

Active member
Joined
Nov 15, 2019
Threads
1
Messages
25
Reaction score
46
Location
USA
Vehicles
2021 Model Y, 2013 Subaru BRZ
Occupation
Engineer
Country flag
RN11279XXXX, North Carolina, MY owner, received FS email this afternoon.

Can't buy it for this price. Some official guidance would be appreciated for what happens to my place in line once the offer expires.
 

Crackphx

Member
First Name
Andy
Joined
Dec 28, 2023
Threads
1
Messages
6
Reaction score
10
Location
Phoenix
Vehicles
Hummer SUV EV
Occupation
Real Estate
Country flag
I got my invitation to order on 12/19/23 I place my reservation on 11/21/19. RN112746xxx did the Founders with battery pack….non employee, current Tesla owner. Live in AZ, no VIN, no delivery date and I stood on hold to ask a employee about delivery time and they had no idea…January-March stated online
Tesla Cybertruck Just Ordered My Foundation Series Allocation! Post Your Invitations / Order Confirmations! 🙌 Order Confirmation  Tesla
 

Crackphx

Member
First Name
Andy
Joined
Dec 28, 2023
Threads
1
Messages
6
Reaction score
10
Location
Phoenix
Vehicles
Hummer SUV EV
Occupation
Real Estate
Country flag
I got my invitation to order on 12/19/23 I place my reservation on 11/21/19. RN112746xxx did the Founders with battery pack….non employee, current Tesla owner. Live in AZ, no VIN, no delivery date and I stood on hold to ask a employee about delivery time and they had no idea…January-March stated online
Order Confirmation  Tesla.jpeg
I was a dumbo and waited a day y ok confirm! 🤬
 


BorisJGR

Well-known member
First Name
Boris
Joined
Dec 26, 2023
Threads
3
Messages
46
Reaction score
84
Location
USA
Vehicles
Cybertruck, Model X
Occupation
Marketing
Country flag
Can anyone who has ordered the CyberBeast post a screenshot of the wheel description? Is it 20” cyber wheels?
 

BigDaddy

Member
Joined
Feb 19, 2020
Threads
1
Messages
17
Reaction score
22
Location
BC
Vehicles
2022 Model Y LR, Cyber Truck to come
Country flag
I'm a bit annoyed/confused. My RN is 11275xxx which is well earlier than many I see getting invites. Does anyone know what's going on? I'm in Canada and i'm guessing that has something to do with it.
 
 




Top