Thursday, March 31, 2005

Taxes? Remember the hybrid car tax credit

As we approach April 15 remember to talk to your tax preparer about your hybrid car tax credit if you purchased a hybrid car in 2004. If you haven't purchased a hybrid, you can still take advantage of the tax credit if you purchase a new hybrid in 2005. Currently, the Prius, Accord hybrid, Civic hybrid, and Insight qualify, but this tax credit will be significantly reduced in 2006.

That is, unless current legislation, which would increase the credit, is passed this year (More on this new hybrid car legislation).

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1 Comments:

Blogger Paz said...

More people should learn about electric cars as a solution. It’s amazing how far the technology has come in just a few years. Plus the savings becomes more and more attractive the higher gas prices go. There’s even an EV that will do 0-60 mph in 4.8 seconds (source: zapworld.com). Electric is looking more and more like the way to go.

3:19 PM  

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