US Federal Tax Credits - Jaguar I-Pace EV400 Forum
 4Likes
Reply
 
LinkBack Thread Tools
post #1 of 24 (permalink) Old 04-15-2018, 09:33 PM Thread Starter
Senior Member
 
Meldev##44's Avatar
 
Join Date: Apr 2018
Location: Colorado
Posts: 143
US Federal Tax Credits

Since the I-Pace is a new EV for 2018, I hope it would qualify for the full tax credit in the US.
One question is when should we expect to see the I-Pace added to the list of vehicles?
Meldev##44 is offline  
post #2 of 24 (permalink) Old 04-20-2018, 12:38 PM
Senior Member
 
Join Date: Feb 2017
Posts: 182
The Federal credits keeps changing so much, but Jaguar should still be able to get the full amount since they haven't hit the 200,000 qualified EVs limit. Maybe the I-Pace will be added when they start showing up in dealerships? These things take so long...
PinkJaguar is offline  
post #3 of 24 (permalink) Old 04-21-2018, 10:08 AM
Junior Member
 
TheWeeb's Avatar
 
Join Date: Jan 2018
Location: Carolina Beach, NC
Posts: 16
Agreed, if Tesla EVs get the full $7,500 credit, Jaguar should have as well. Here is a link, if anyone is interested, that covers by make and model the US tax credits currently offered:

https://www.fueleconomy.gov/feg/taxevb.shtml

2017 F-Pace S Delivered 8/9/16
2005 XKR
2000 Jeep Wrangler
TheWeeb is offline  
Sponsored Links
Advertisement
 
post #4 of 24 (permalink) Old 04-21-2018, 03:17 PM
ELO
Junior Member
 
Join Date: Aug 2017
Location: Cave Creek AZ
Posts: 29
Of coarse they will. Maybe when they build and get Vin #'s.
ELO is offline  
post #5 of 24 (permalink) Old 05-27-2018, 08:47 PM
Junior Member
 
Join Date: May 2018
Location: Colorado, USA
Posts: 20
Don't give it a second thought - the I-Pace will definitely qualify for the $7,500 federal tax credit.
McRat likes this.
5280 is offline  
post #6 of 24 (permalink) Old 03-05-2019, 11:03 AM
Member
 
Join Date: Feb 2019
Location: Greensboro, NC, USA
Posts: 36
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.
ejbritto is offline  
post #7 of 24 (permalink) Old 03-05-2019, 11:41 AM
Senior Member
 
Join Date: Oct 2018
Posts: 746
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.
I don't know how dealer can give you the federal tax credit, it is a credit you apply when filing your taxes (so depending on when you took delivery it would apply to that years taxes). You also may have state specific credits available, you should check in your state.

And finally don't forget some states there are credits for installing/buying the L2 EVSE and/or some utilities will give credit for electric bills.

https://afdc.energy.gov/laws/state_summary?state=NC
epirali is online now  
post #8 of 24 (permalink) Old 03-05-2019, 11:44 AM
Senior Member
 
Join Date: Sep 2018
Posts: 855
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.
Dantrium is online now  
post #9 of 24 (permalink) Old 03-05-2019, 12:08 PM
Senior Member
 
McRat's Avatar
 
Join Date: May 2018
Location: Norco, California, USA
Posts: 1,329
Note that state and perhaps utilities can have income limits and limits to how many cars you can collect from.

From California, the state has a $300k file jointly limit based on Fed tax return, and 2 cars since 2015 per individual, so a married couple could claim 4.
There are utility rebates. $1000 for the LA area.
There are regional rebates too for central CA.

Do your homework for your state, utility, city, and region. California can go over $11,000 in total rebates.

Jaguar i-Pace FE Photon Red 20" wheels, "Leaper"
Two Chevrolet Volts in service
24.2 kW x 480v 3ph solar array self-installed.
McRat is online now  
post #10 of 24 (permalink) Old 03-05-2019, 12:21 PM
Senior Member
 
Join Date: Sep 2018
Location: So Calif
Posts: 400
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.
You will recover the federal credit against your federal tax bill when you file with the IRS.

Your CPA should use form 8936 to get the credit.

https://www.irs.gov/pub/irs-pdf/f8936.pdf
dtgsrq likes this.
Time2Roll is offline  
Reply

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome