Jaguar I-Pace EV400 Forum - View Single Post - US Federal Tax Credits
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post #8 of (permalink) Old 03-05-2019, 12:44 PM
Dantrium
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Join Date: Sep 2018
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Quote:
Originally Posted by ejbritto View Post
I got my I-Pace delivered to me January 12, 2019. The dealer in Greensboro, NC told me the tax credit of $7,500 would be applied through your CPA when you did your taxes next year. Does anyone know how one recovers the tax credit?
I just bought my wife a 2019 BMW 530e hybrid -- BMY dealer gave me $5000 off the MSRP at the time of delivery.
Any ideas and help appreciated.
The Federal Tax Credit for the 530e is $4668, it has no bearing on the selling price of the car or any dealer incentives/discounts you were able to get. If you bought it and are the first registered owner, when you do taxes for 2019, you will be able to get a credit for both the I-Pace & the 530e. If you leased the 530e the leasing company can get the credit and often times (it should be always, but some leasees don't pay attention) they pass on that savings to the customer.
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