Tax credit price limit?

[loudog3114]

I would have sworn I saw somewhere that there was a limit of 80k purchase price to get the $7500 fed credit but I can't find any evidence of that now. Am I crazy? If so I will be upgrading to the adventure pack to bump my $79200 build to ~84k.

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[Craigins]

I would have sworn I saw somewhere that there was a limit of 80k purchase price to get the $7500 fed credit but I can't find any evidence of that now. Am I crazy? If so I will be upgrading to the adventure pack to bump my $79200 build to ~84k.

Please check in to your local asylum.

/S

The 80k limit was proposed but never passed.

 

[Mcdubjr]

No limit currently. It was to be part of BBB bill which seems dead in the water.

 

[loudog3114]

Ah ok, thanks guys.

 

[ironpig]

This has been one of those things that took on a life of it's own but had not truth to it.

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

 

[Gamma rays]

No limit currently. It was to be part of BBB bill which seems dead in the water.

I am hoping it will stay that way at least until I take delivery (hopefully 1H23).

GR

 

[mgc0216]

Thank goodness we have this forum to answer questions that Google can't.

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