Federal Tax Credit
Under the Inflation Reduction Act, certain electric vehicles qualify for a $7,500 tax credit. For additional details, visit the IRS website.
Under the Inflation Reduction Act, certain electric vehicles qualify for a $7,500 tax credit. For additional details, visit the IRS website.
Federal Tax Credit
Under the Inflation Reduction Act, certain electric vehicles qualify for a $7,500 tax credit. For additional details, visit the IRS website.
Personal Eligibility1
Your Adjusted Gross Income (AGI) cannot exceed a certain limit based on your tax filing.
Married Couple Filing Jointly
$300,000
Head of Households
$225,000
Other
$150,000
2024 Vehicle Eligibility
When is the Tax Credit Applied?
Once your eligibility is verified, you may elect to apply the EV tax credit to reduce your final vehicle payment or you may claim the credit on your tax return.
How Do I File?
Your Clean Vehicle Report is available in your Tesla Account, which is a necessary document to claim your EV tax credit on Form 8936. You will need to report the credit on your tax return whether you applied the credit to reduce your final vehicle payment or not.
1 Additional eligibility criteria applies.
Tesla does not guarantee personal or vehicle eligibility or fund availability. This page is provided for educational purposes only. Tesla disclaims any warranties that the information provided is accurate or complete as the program is subject to change at any time. Leases not eligible. Consult a tax professional for details. Learn more about guidelines for used vehicles and business filers.