Tax credit for hybrid cars
Since 2005, the IRS offers a tax credit for taxpayers, cars to drive the alternative energy sources. It was suddenly just a clean-burning deduction available to taxpayers green-minded, but is only used for gas-electric hybrid vehicles. In 2005, however, this was replaced by current legislation, the Energy Policy Act
Under this 2005 law, the tax credit directly from the total amount of taxes is made, the taxpayerotherwise due. This will reduce or eliminate the tax paid to the person in question. If you are not sure if the particular vehicle "Green is eligible for this credit, you can ask the machine manufacturer or dealer.
If, after a first hybrid vehicle in January 2006 bought, then your vehicle (and happy!) Meets the requirements of this tax credit. That tax credit will also ask for your car, when he started using the car after that date.
HybridizedThe vehicle is given by the definition of this law, a traction vehicle, powered by a rechargeable battery of some kind next to a combustion engine. Most hybrid vehicles available today, in fact, qualify for this credit.
The credit under the Energy Policy Act applies only to those looking for a new vehicle purchased meets those criteria. If the vehicle is leased and not purchased by a consumerthe leasing company rather than the end user may claim this tax credit.
Check out the size of a loan you qualify for their hybrid vehicles. This information is current as of January 2008:
First: Chevrolet
Model: Malibu Hybrid, the amount of credit: $ 1,300
Model: Tahoe Hybrid 2WD and 4WD, the amount of credit: $ 2,200
Second make: Ford
Model: Escape Hybrid 2WD, the amount of credit: $ 3,000
Model: Escape Hybrid 4WD, the amount of credit:$ 2.200
Third Brand: GMC
Model: Yukon Hybrid, the amount of credit: $ 2,200
Fourth Brand: Honda
Model: Civic CVT, the loan amount: $ 0 $ 2,100 depending on the date of purchase.
Fifth Brand: Mazda
Model: Tribute 2WD, loan amount: $ 3,000
Model: Tribute 4WD, loan amount: $ 2,200
Sixth Brand: Mercury
Model: Mariner Hybrid 2WD, the amount of credit: $ 3,000
Model: Mariner Hybrid 4WD, the amount of credit: $ 2,200
Brand seventhNissan
Model: Altima hybrid, the loan amount: $ 2.350
Eighth Brand: Saturn
Model: Aura hybrid loan amount: $ 3,000
Model: Vue Green Line of credit: $ 1,550
Ninth Brand: Toyota
Model: Camry hybrid, the loan amount: $ 0 to $ 2,600 depending on the date of purchase
Model: Prius, the loan amount: $ 0 to $ 3,150 depending on the date of purchase
Model: Highlander Hybrid 4WD, the amount of credit: $ 0 to $ 2,600 depending on the date of purchase
Mark 10:Lexus
Model: RX 400h 2WD and 4WD, the loan amount: $ 0 to $ 2,200 depending on the date of purchase
Model: LS 600h L hybrid, the amount of credit: $ 0 to $ 1,800 depending on the date of purchase
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