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Old 03-13-2008, 01:29 PM   #1
AVANTI R5
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Default Tax Credits Vary For Hybrids

Quote:
If you buy a hybrid, which combines an electric motor with a gasoline engine, you may be eligible for a tax credit when you file your taxes next year.


A tax credit is more valuable than a deduction because it represents a dollar-for-dollar reduction in your tax bill. You don't have to itemize to claim the hybrid tax credit.
The credit is based on a formula that measures the vehicle's fuel economy and lifetime fuel savings.


Credits for IRS-certified hybrids range from $250 for the GMC Sierra to $3,000 for the Mazda Tribute. A complete list of hybrid tax credits is at www.fueleconomy.gov.
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Old 03-13-2008, 02:53 PM   #2
mountjonas
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sucks. our 08 prius doesn't qualify. at least we knew that before we purchased it.
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Old 03-13-2008, 02:56 PM   #3
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Originally Posted by mountjonas View Post
sucks. our 08 prius doesn't qualify. at least we knew that before we purchased it.
Thats are Goverment in action for ya,
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Old 03-14-2008, 07:17 AM   #4
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Yeah, results should be what matters, not implementation. Who cares if it's a hybrid if it gets great fuel savings and low emissions? The fact a Prius doesn't cut it shows how crazy this scam is.
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