Tax credit hybrid cars
Since 2005, the IRS has been what is a tax credit for individual taxpayers, the cars, to encourage the use of alternative energy sources. Only after a cleaner fuel burning deduction available to taxpayers green-minded, but it was only for gas-electric hybrid vehicles. In 2005, he was replaced by current legislation, the Energy Policy Act
The provisions of this Act of 2005, the tax credit directly to the total amount of tax that taxpayers would have nootherwise due. This will reduce or even eliminate the tax paid to the person in question. If you are unsure if your particular "green" vehicles are eligible for this credit, you can use the manufacturer or local distributor.
The first time I purchased a hybrid vehicle in January 2006, when his vehicle (and happy) are eligible for this tax credit. This deduction also applies to your vehicle when it began using the car after that date.
A hybridVehicles, as specified in this Act, a vehicle with an engine that is powered by a battery of some kind next to a combustion engine. Most hybrid vehicles are currently on the market to qualify for this credit, actually.
Credit for the Energy Policy Act is only for those who want a new car purchased these criteria. If the vehicle is rented and not immediately purchased by a consumerthe leasing company, rather than end users are entitled to this tax credit.
Take a look at the size of credit you are entitled to your hybrid vehicle. This information is updated in January 2008:
First Make: Chevrolet
Model: Malibu Hybrid, the amount of credit: $ 1 300
Model: Tahoe Hybrid 2WD and 4WD, the amount of credit: $ 2,200
The second brand: Ford
Model: Escape Hybrid 2WD, the amount of credit: $ 3,000
Model: Escape Hybrid 4WD, the amount of credit:$ 2200
Third Make: GMC
Model: Yukon Hybrid, the amount of credit: $ 2,200
Fourth Brand: Honda
Model: Civic CVT, the amount of credit: $ 0 to $ 2,100 depending on the date of purchase.
Fifth Brand: Mazda
Model: Tribute 2WD, the amount of credit: $ 3,000
Model: Tribute 4WD, the amount of credit: $ 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 amount of credit: $ 2,350
Eighth Brand: Saturn
Model: Aura hybrid credit amount: $ 3000
Model: Vue Green Line, the amount of credit: $ 1 550
Ninth Make: 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
Brand 10:Lexus
Model: RX 400h 2WD and 4WD, the amount of credit: $ 0 to $ 2,200 depending on the date of purchase
Model: LS 600h L hybrid, the loan amount: $ 0 to $ 1800 depending on the date of purchase
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