I tried to post something on this thread the other day, but since I'm new, my post got flagged for moderator approval. It hasn't shown up yet, so I'll try again differently.
I wonder how many Model 3 buyers will be eligible for the full $7500 federal tax credit based on income. As I understand it, when it comes to the EV tax credit, a person's tax liability cannot be less than zero. Someone such as myself would not be eligible for the full amount. Using myself as an example, I'm a single guy with no kids. I file an Individual tax return. For 2015, an individual would have to have a taxable income of $46825 to have a tax liability of $7500. Using myself as the example, I take the standard deduction of $6300 and a personal exemption of $4000. Adding it all up, I would have to have an income of $57125 to have a tax liability of $7500. I do not make that much money, so I would not be eligible for the full amount. I wonder how many people like myself are expecting the full amount not realizing they won't be eligible.