2025 Tax Credit - Lease

[Sgt Beavis]

Hey folks,
I'm finishing up my tax returns for the year and can't find documentation if Rivian took credit for my $7500 Federal EV Tax Credit or if I can still claim it. I leased a new R1S last year and I've gone over my documents but I can't find anything showing I signed the $7500 over to them. I'm also a Colorado resident and may qualify for the $3500 credit.

I can call them on Monday but I was wondering if any of you could share your experience on it. Thx



EDIT: Nevermind, I figured it out.. Not qualified..

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[Time2Roll]

Owner gets the credit. Probably listed as a capital reduction in the acquisition statement.

 

[UnsungZero_OldTimeAdMan]

AFAIK, the $7500 federal lease credit under IRA is to be claimed by manufacturer, not the lessee. That amount should have been figured into your lease; deducted from vehicle value.

 

[bueller]

Colorado gives their credit to the leasee. On my 2024 taxes filed in 2025, I got $5k back for my 2024 lease.

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