Upgrade last years P85 to P85D and the Tax Credit

andydoty · Feb 21, 2015

Does anyone know (or can point me to relevant information) if the $7500 tax credit can be taken more the once in different years. So, I'm going to take the credit for 2014 for the purchase of the P85. Would I qualify for the 2015 credit if I were to order and take delivery of the P85D this year?

MA has introduced a $2500 take credit (after I purchased the P85) as well that I'm hoping to take advantage of.

Drew

cgiGuy · Feb 21, 2015

andydoty said:
Does anyone know (or can point me to relevant information) if the $7500 tax credit can be taken more the once in different years. So, I'm going to take the credit for 2014 for the purchase of the P85. Would I qualify for the 2015 credit if I were to order and take delivery of the P85D this year?

MA has introduced a $2500 take credit (after I purchased the P85) as well that I'm hoping to take advantage of.

Drew

As long as the credit is being offered in a particular year, still, you can use it as many years as you'd like.

I'm pretty sure you can even use it more than once in the same year, provided you have the tax liability required to claim the credit. (Correct me if I'm wrong, please)

Disclaimer: Not a tax professional.

andrewket · Feb 21, 2015

cgiGuy said:
As long as the credit is being offered in a particular year, still, you can use it as many years as you'd like.

I'm pretty sure you can even use it more than once in the same year, provided you have the tax liability required to claim the credit. (Correct me if I'm wrong, please)

Disclaimer: Not a tax professional.

Yes, you can claim it once per new car purchase, and you can claim two in one year. I claimed 15k in 2013 for a model s and a colt, and will claim 7500 in 2014 for the P85D.

NOLA_Mike · Feb 21, 2015

andrewket said:
Yes, you can claim it once per new car purchase, and you can claim two in one year. I claimed 15k in 2013 for a model s and a colt, and will claim 7500 in 2014 for the P85D.

What kind of range you getting on that colt?

andrewket · Feb 21, 2015

NOLA_Mike said:
What kind of range you getting on that colt?

Hilarious. It varies. Similar to the tesla, it gets less range in the winter.

JPP · Feb 21, 2015

andrewket said:
I claimed 15k in 2013 for a model s and a colt.

...and I bet the emissions control on that colt are a pain in the a...

bonaire · Feb 22, 2015

andrewket said:
Hilarious. It varies. Similar to the tesla, it gets less range in the winter.

If you wrap it in a good blanket, if not garaged, and feed it premium oats, should do ok for mileage in the winter.

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Upgrade last years P85 to P85D and the Tax Credit

andydoty

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cgiGuy

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andrewket

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NOLA_Mike

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andrewket

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JPP

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bonaire

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