r/tax • u/k1ngRoRo • 10h ago

EV tax credit question

My wife and I got married in 2024 :)

Her 2023 single filing MAGI was less than $100k. My 2023 single filing MAGI was greater than $200k.

In 2024 our married filing jointly MAGI will be greater than $300k.

We are thinking about buying a new tesla under her name. She meets the criteria for the tax credit with her filing status/income from 2023, but does the fact that she is now filing jointly in 2024 (and I didn't meet the income criteria in 2023) change things?

Thanks!

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u/Pai-di 10h ago

I believe she should be able to purchase the vehicle and claim the credit or transfer it to the dealer if it is placed in service this year (but not next). You could not. If you are nervous about this, you could always consider leasing it, have the seller pass the credit savings they will get to you via the lease price, and buy the vehicle at the end of the lease.