LA SILVER Rivian Photos

[rraj2k81]

All the R1S in the wild are rocking 22s

It’s just the one, that RJ bought.

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[AdamsFan1983]

LA Silver R1S spotted.

 

[AdamsFan1983]

Illinois state university today:

 

[AdamsFan1983]

Bloomington today:

 

[Max]

LA Silver R1S spotted.

Different wheels than most R1S sightings. Really curious how many has been delivered.

 

[TollKeeper]

My build has the LA Silver on it, and out of all the colors offered, I would only get the LA Silver, or, Forest Green. But the price for a color upgrade has me saying no.

After seeing the 3 launch green in person, I'm glad I didn't go that route

 

[rraj2k81]

LA Silver R1S on 21s ready to be shipped.

 

[Longhorngirl]

LA Silver R1S on 21s ready to be shipped.

I hope they remember to roll up the rear passenger window. Looks like it is rolled down a few inches.

 

[kanundrum]

 

[jpbrown1978]

(I’ll put the $7500 tax rebate to good use).

As of right now, that tax credit is only a non-refundable credit. The best is can do is zero out what you owe.

 

[SANZC02]

As of right now, that tax credit is only a non-refundable credit. The best is can do is zero out what you owe.

That is not how it works. It is a tax credit off of your total tax liability. Non-refundable just means anything over what your liability is cannot be used or rolled over to another year.

If your total tax liability for the year is 30k and your prepayments from payroll deductions or quarterly payments equaled 29k, the tax credit would make your liability 22.5k and you would get a 6500 dollar refund.

 

[opnwide]

That is not how it works. It is a tax credit off of your total tax liability. Non-refundable just means anything over what your liability is cannot be used or rolled over to another year.

If your total tax liability for the year is 30k and your prepayments from payroll deductions or quarterly payments equaled 29k, the tax credit would make your liability 22.5k and you would get a 6500 dollar refund.

^
This.

 

[electruck]

As of right now, that tax credit is only a non-refundable credit. The best is can do is zero out what you owe.

That is not how it works. It is a tax credit off of your total tax liability. Non-refundable just means anything over what your liability is cannot be used or rolled over to another year.

If your total tax liability for the year is 30k and your prepayments from payroll deductions or quarterly payments equaled 29k, the tax credit would make your liability 22.5k and you would get a 6500 dollar refund.

You're both actually saying the same thing but "refund" is a somewhat overloaded term here leading to some confusion.

To jpbrown's point, if you only have a $5000 tax liability, the credit can only reduce your liability to $0. You can't get a $2500 refund hence this being referred to as a non-refundable credit.

SANZC02, your example is also correct but you seem to be conflating the idea of a refundable credit with that of getting a refund at filing time for having overpaid throughout the year with respect to your liability (a refund of your tax payment). Obviously the credit can cause you to receive a payment refund for overpayment of tax but that is not the same as the credit itself being refundable.

 

[EV-X Oregon]

What does the "LA" in LA Silver stand for?

I'd assume "Los Angeles." Up on the "silver screen" i.e. Hollywood, LA, bright lights, etc.

 

[jpbrown1978]

That is not how it works. It is a tax credit off of your total tax liability. Non-refundable just means anything over what your liability is cannot be used or rolled over to another year.

If your total tax liability for the year is 30k and your prepayments from payroll deductions or quarterly payments equaled 29k, the tax credit would make your liability 22.5k and you would get a 6500 dollar refund.

From US News and World Report(https://cars.usnews.com/cars-trucks... choose and your individual tax circumstances.)

“How Does Your Income Affect the EV Tax Credit?

You must have a federal tax liability in the year you purchase an electric car or plug-in hybrid to claim the tax credit. The tax liability must meet or exceed the amount of credit you're requesting. If, for example, you owe $6,000 in federal taxes, you can only claim a credit of $6,000 – even if the vehicle qualifies for a full $7,500 tax credit. It’s important not to confuse your federal tax liability with the size of the check you have to write by April 15, as your income tax liability also reflects any amounts withheld from your paycheck throughout the year.”

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