Sorry if Posted but Can't Find the Updated Tax Credit Information
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Joined: Feb 2021
Posts: 122
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From: USA MidWest
Tesla Model S
at the present time, the EQS is listed on the IRS web site as qualifying for the $7500 tax credit. Proposed legislation would eliminate the EQS as a $80K MSRP limit would apply and tax payer income would also apply ($250K/Yr for single / $500K for families). Congress is a mess so we may get a bit longer but plan to act fast as expensive vehicles not likely to qualify for long.
https://www.irs.gov/businesses/irc-3...vehicle-credit
https://evadoption.com/proposed-chan...presentatives/
Last edited by avilent; Dec 22, 2021 at 03:10 PM.
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BMW
Federal Tax Credit Update…
at the present time, the EQS is listed on the IRS web site as qualifying for the $7500 tax credit. Proposed legislation would eliminate the EQS as a $80K MSRP limit would apply and tax payer income would also apply ($250K/Yr for single / $500K for families). Congress is a mess so we may get a bit longer but plan to act fast as expensive vehicles not likely to qualify for long.
https://www.irs.gov/businesses/irc-3...vehicle-credit
https://evadoption.com/proposed-chan...presentatives/
at the present time, the EQS is listed on the IRS web site as qualifying for the $7500 tax credit. Proposed legislation would eliminate the EQS as a $80K MSRP limit would apply and tax payer income would also apply ($250K/Yr for single / $500K for families). Congress is a mess so we may get a bit longer but plan to act fast as expensive vehicles not likely to qualify for long.
https://www.irs.gov/businesses/irc-3...vehicle-credit
https://evadoption.com/proposed-chan...presentatives/
Member
Joined: Feb 2021
Posts: 122
Likes: 91
From: USA MidWest
Tesla Model S
Until congress updates the law, the existing $7500 tax credit is available for the EQS and its buyers regardless of income. For once, congress' inactivity pays off :-)
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2022 Mercedes EQS 580
I'm going to drive all my cars that I buy. But I am planning on buying an EQS, and selling it when my custom-build EQS arrives. And I am also buying an IX for my wife which she will keep until the EQS SUV arrives likely next year. So I could end up using 3 credits this year.
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From: Los Angeles
GLC 300
Be sure to check with your City and State in addition to the Federal Rebates ($7500 appears to be in effect). In my case, I found Los Angeles and California have some additional rebates. $750 for the EQS580 and $750 for home equipment installation.
Last edited by cyber3d; Feb 17, 2022 at 09:16 PM.
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From: Atlanta
2022 Mercedes EQS 580
Yes. In Georgia we have incentives on the charging equipment.
