12/5/22 build week

[ElectrifyME]

Got an email and VIN for a build 12/5…. Didn’t expect it but there it is!! Bummed about the tax credit lost due to timing, but happy to see progress anyone else?

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[dmac1418]

There’s already a different thread going: https://www.macheforum.com/site/threads/12-05-22-build-week-gang.22520/

 

[g2hmb]

Got an email and VIN for a build 12/5…. Didn’t expect it but there it is!! Bummed about the tax credit lost due to timing, but happy to see progress anyone else?

What do you mean about the tax credit lost due to timing? I'm also in this build week...

 

[dmac1418]

What do you mean about the tax credit lost due to timing? I'm also in this build week...

Some people won’t qualify for the tax credit in 2023 due to income and there’s still uncertainty if the 2023 Mach-E will qualify for the full $7,500 based on battery source.
And there’s a very slim chance a 12/5 car gets delivered in 2022.

 

[ElectrifyME]

What do you mean about the tax credit lost due to timing? I'm also in this build week...

What the next comment says, a 2023 delivery I won’t get a tax credit, that’s the timing issue. It’s tied to income not just tax liability. And I was a 2022 order converted from March, which stings just a little.

 

[4sallypat]

What the next comment says, a 2023 delivery I won’t get a tax credit, that’s the timing issue. It’s tied to income not just tax liability. And I was a 2022 order converted from March, which stings just a little.

Oh yeah, it stings for sure - mine was an early April order and lost the IBSM color, low APR and incentives.

As @dmac1418 said is correct - delivery in 2023 is huge unknown as the IRS/DOT has not interpreted the tax credit (assuming you have liability in 2023 and under income level), and won't be able to use it until 2024 when you file your 2023 taxes.

I'd be happy if I can get half credit...

OTOH, my F150 Lightning ordered the same week as the MME, got delivered in July so I can capture the full $7500 on my taxes I file in beginning of 2023.

BTW: First time to file 2022 taxes early - normally I wait until the tax deadline to file as I owe every year. Next year, thanks to my Lightning, I will actually get a refund!!

Whoo hoo!

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