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How to get the correct 2019 tax credit $3750 or $1875

How to get the correct 2019 tax credit $3750 or $1875

Seems a number of people are confused about how to fill out IRS form 8936. Many are starting out with the wrong value and then discounting it to get less than the full tax credit.

If you got your car from 1-Jan-2019 to 30-Jun-2019. your credit will be 50% of $7500 or $3750.
If you got your car from 1-Jul-2019 to 31-Dec-2019. your credit will be 25% of $7500 or $1875.

If you get a different amount, you've likely started with the wrong value.

michael.vengshoel | 21 februari 2020

I don't think this is strictly true. I purchased my Model 3 in 2018 and got the full $7500

I purchased a Model X in October 2019 and when I filed my taxes yesterday the Feds are calculating down to the SPECIFIC number of your VIN or something. I only got a credit for $469.00 instead of $1875.00

Needless to say I was pretty annoyed. People should be aware of this and get my head's up that if you purchased Q4 of 2019 you might get a lot less than the 1875 you planned on...

stingray.don | 21 februari 2020

michael.vengshoel,

$1875 was through the end of the year. I got for my 9/20 delivery.

TeslaTap.com | 21 februari 2020

@michael - 8936 is not one of the better IRS forms. Ok, enter $7500 in box 4a. Enter 25% in box 4b. Enter $1875 in box 4c. If you get $469, you likely entered the wrong value for 4a. The IRS instrutions are confusing at best.

silascolesc303 | 22 februari 2020

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silascolesc303 | 22 februari 2020

It drives me nuts not having a media progress bar to locate or change the current position in the duration of the track. I don't know where I am in the song, when it's going to end, etc. This is such an essential and basic component of any media player, it's unreal we don't have it when playing music over phone Bluetooth. Is there a reason for it?

TeslaTap.com | 22 februari 2020

@silascolesc303 - Sounds like a copy and paste spam bot - nothing related to this thread with an standard spam looking name. Likely bumping the post count up so they can start to spam with links.

silascolesc303 | 23 februari 2020

Has anyone tried getting the tax credit for 2019 yet? My wife tried to fill out the form in turbotax, but it said the new form wasnt ready yet. I also tried using H&R block but it only wanted to give me $1875 instead of $3750. I bought my model 3 in April 2019. I have enough tax liability to get the full amount.https://discord.software/ https://fetlife.vip/ https://vshare.onl/

TeslaTap.com | 23 februari 2020

Yep, now @silascolesc303 has proven to be a total spammer. Please flag.

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lmargarite | 8 juli 2020

Got Tesla 3 in in the middle of October 2018. When doing the tax filling in 2019 my tax person did not know how to do it. Did know of the forms. Did anyone have any kind of problem receiving their rebates. Is the Form 8936 the same that was used 2018. Does anyone know the forum used for the state (CA) rebate.

thanks

TeslaTap.com | 8 juli 2020

@lmargarite - every state does it differently. Some like CA, it's not a tax credit, but a rebate handled completely separate from taxes.

TeslaTap.com | 8 juli 2020
TeslaTap.com | 8 juli 2020

On federal tax forms, I think you have to used the current 2019 forums. They may be similar to 2018, but it needs to be labeled as 2019.

EVRider | 9 juli 2020

If your tax person doesn’t know how to do this, you should get a new tax person.

TeslaTap.com | 9 juli 2020

@EVRider - True!

P.S. I'm not a tax person and I don't do my own taxes, but most this stuff is fairly easy. Google is your friend :)