can any one explain the 300k income limit for federal credit of 7500

me and spouse gross income (base + bonus) and not including rental income will be more than 350k atleast this year..

so are we eligible for the tax credit?

1 hour ago, sarvayogi said:

can any one explain the 300k income limit for federal credit of 7500

me and spouse gross income (base + bonus) and not including rental income will be more than 350k atleast this year..

so are we eligible for the tax credit?

AGI : Google it and see how it's calculated...

You are borderline, so better to calculate accurately 

4 hours ago, Variety_Pullayya said:

intaki headlines ekkadoo chadivava or nee sontham da?

He he... Some one else stole my thoughts

oka banda battery ni theskuni garage lo pettukunnatlu . mandha mandha kontunnaru Tesla cars ni .. 

16 hours ago, Android_Halwa said:

Any deals on Model Y ?

used MY's will be for 30K in 6 months

2 hours ago, sarvayogi said:

can any one explain the 300k income limit for federal credit of 7500

me and spouse gross income (base + bonus) and not including rental income will be more than 350k atleast this year..

so are we eligible for the tax credit?

arey howle 300k ani clear ga unte malla 350k ki eligible aa ani adugthaventra gutle…

23 minutes ago, pandugadu999 said:

arey howle 300k ani clear ga unte malla 350k ki eligible aa ani adugthaventra gutle…

are piccha L naa kodaka...gross income net income untai..telusa manaki...daanikosam asked..maaku telvada 350 ki 300 di diff

2 minutes ago, sarvayogi said:

are piccha L naa kodaka...gross income net income untai..telusa manaki...daanikosam asked..maaku telvada 350 ki 300 di diff

arey aapu ra nayana..neekevadra 350k ichedi suvvar badkav…gross ki net ki theda telvadh

@pandugadu999 @hunkyfunky2 will deferred  compensation work??? To ovetax filing?, it based on last year's taxfiling?

57 minutes ago, csrcsr said:

@pandugadu999 @hunkyfunky2 will deferred  compensation work??? To ovetax filing?, it based on last year's taxfiling?

Yes.

You can choose either of the last 2 years filings - so either 2022 or 2023 ...

AGI is after deductions... Usually less than your paycheck, in simple terms.

Just check your last year return or estimate the current year ... 

2 hours ago, sarvayogi said:

are piccha L naa kodaka...gross income net income untai..telusa manaki...daanikosam asked..maaku telvada 350 ki 300 di diff

 

5 hours ago, sarvayogi said:

can any one explain the 300k income limit for federal credit of 7500

me and spouse gross income (base + bonus) and not including rental income will be more than 350k atleast this year..

so are we eligible for the tax credit?

If you maximize your 401k both for you and your wife , you will come slightly below 300 

again calculate using turbo tax 

 

we don’t qualify, I thought about using family membeR but it is complicated so just bought the car with out thinking anything 

3 hours ago, pakeer_saab said:

used MY's will be for 30K in 6 months

Yes

Model 3 highland upgrade has to come to model Y very very soon. 

On 9/1/2023 at 9:16 PM, Dhed said:

 

If you maximize your 401k both for you and your wife , you will come slightly below 300 

again calculate using turbo tax 

 

we don’t qualify, I thought about using family membeR but it is complicated so just bought the car with out thinking anything 

401k max out we do both...45000..still income is above 300k

On 9/1/2023 at 3:24 PM, hunkyfunky2 said:

AGI : Google it and see how it's calculated...

You are borderline, so better to calculate accurately 

300k - base+bonus+year stocks motham kalipa?

1 hour ago, Popkatapetapotapulti said:

300k - base+bonus+year stocks motham kalipa?

https://blog.taxact.com/adjusted-gross-income-calculator/