How Much Money Is The Hybrid Tax Credit Worth?
The IRS has a complex set of criteria that go into calculating the exact amount allowed for each hybrid make and model for the hybrid car tax credit. Trying to figure it out can be confusing.
About.com
If you've felt under pressure to buy a hybrid car as soon as possible to take advantage of the new tax credit, you can relax for a little while longer. The new tax credit (which offers up to $3,400 for taxpayers who buy an eligible car) is scheduled to be phased out once a manufacturer sells more than 60,000 hybrids.
However, even the most popular manufacturer isn't expected to hit that mark for at least a few months. Through March 31, Toyota sold 35,754 hybrid vehicles while the next closest Honda sold a total of 9,102 hybrids in the first quarter of this year
About.com
If you've felt under pressure to buy a hybrid car as soon as possible to take advantage of the new tax credit, you can relax for a little while longer. The new tax credit (which offers up to $3,400 for taxpayers who buy an eligible car) is scheduled to be phased out once a manufacturer sells more than 60,000 hybrids.
However, even the most popular manufacturer isn't expected to hit that mark for at least a few months. Through March 31, Toyota sold 35,754 hybrid vehicles while the next closest Honda sold a total of 9,102 hybrids in the first quarter of this year
posted by Milt Baker CPA | 1:02 PM
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