Tax Credit

Don’t Leave $$$ On The Table (Tesla Tax Credit)

January 3, 2020
by Sheryl Scarborough
Business, General, She Said, Tax Credit

If you bought a Tesla in 2019 you are possibly entitled to claim a credit on your federal taxes. I say possibly because in order to take advantage of the EV tax credit you first need to owe federal taxes. For the record, we are NOT accountants or tax experts, so you should consult your own for how… Read More

TESLA Tax Credit Explained and (possibly) Extended??

December 16, 2019
by Sheryl Scarborough
General, She Said

It's good news/bad news. The fact that Tesla's depreciating tax credit is about to expire in sixteen days (on December 31, 2019) is good news because it means that Tesla has sold over the threshold 200,000 vehicles, which started the depreciating schedule. Those who took delivery on their Tesla before the end of 2018 got a $7,500… Read More