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Financial Planning / Tax Strategies
|Subject: Re: Tax Credit for HYbrid||Date: 12/20/2012 10:07 PM|
|Author: aj485||Number: 117183 of 125197|
Is there any tax credit or advantage for purchasing a hybrid vehicle in 2012?
Sorry, you're a couple of years late to the party. Those credits were only for vehicles purchased on or before 12/31/2010, according to this link on the IRS website http://www.irs.gov/uac/Summary-of-the-Credit-for-Qualified-H...
Even though a manufacturer has certified a vehicle, a taxpayer must meet the following requirements to qualify for the credit:
1. The vehicle must be placed in service after 12-31-05 and purchased on or before 12-31-10.
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