No tax credit for customers with binding contracts.

[Ngkgb]

https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before

Purchase date vs. delivery date

If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after August 16, 2022, and before January 1, 2023, you may claim the credit based on the prior rules and disregard the assembly requirement.

If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After.

They pulled the rug out from under us.

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[Dark-Fx]

https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before

They pulled the rug out from under us.

There's no guidance on vehicles purchased in 2023 on this page, there never has been.

 

[Ngkgb]

There's no guidance on vehicles purchased in 2023 on this page, there never has been.

I edited the post. Meant for customers with binding contracts.

 

[Dark-Fx]

I edited the post. Meant for customers with binding contracts.

The IRS has not published any guidance that will apply to the situation where someone signed a binding contract before the IRA change was implemented on whether or not those vehicles will qualify under the old rules, prior to the IRA, when purchased in the 2023 or later years.

 

[Ngkgb]

The IRS has not published any guidance that will apply to the situation where someone signed a binding contract before the IRA change was implemented on whether or not those vehicles will qualify under the old rules, prior to the IRA, when purchased in the 2023 or later years.

Purchase date vs. delivery date

If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after August 16, 2022, and before January 1, 2023, you may claim the credit based on the prior rules and disregard the assembly requirement.

If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After.

Am I reading this wrong?

 

[Ladiver]

Not sure I track. I didn’t find anything new in the link.

 

[cohall]

Is this new language?

Purchase date vs. delivery date
If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after August 16, 2022, and before January 1, 2023, you may claim the credit based on the prior rules and disregard the assembly requirement.

If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After.

 

[Ngkgb]

Is this new language?

I believe so. Was referenced in another forum I follow.

 

[mkennedy1996]

There's no guidance on vehicles purchased in 2023 on this page, there never has been.

"If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After. "

 

[COdogman]

I believe this is the same language they released in December?

 

[DTown3011]

I believe so. Was referenced in another forum I follow.

None of this is new language.

 

[Dark-Fx]

I believe this is the same language they released in December?

It's the same language.

 

[Ladiver]

As @Dark-Fx mentioned, it doesn’t address the issue of a binding agreement with 2023 delivery.

 

[Dark-Fx]

Purchase date vs. delivery date

If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after August 16, 2022, and before January 1, 2023, you may claim the credit based on the prior rules and disregard the assembly requirement.

If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After.

Am I reading this wrong?

Rivian's purchase and delivery dates are going to be the same thing for 99.9% of their buyers. You might send them money but you don't sign the documents that transfer ownership until after it has been delivered.

 

[mkennedy1996]

https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before

They pulled the rug out from under us.

I did not receive anything that I believe would be a document matching this requirement. Did anyone else. Do we know if Rivian is sending the information to the IRS? I don't recall giving my SSN to Rivian. I picked up at the factory in January.

"The sale qualifies only if:

• The seller reports required information to you at the time of sale and to the IRS.
  • Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit."

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