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Old 03-23-2007, 04:07 PM
mickster mickster is offline
Active Enthusiast
 
Real Name: Michael
Hybrids: 2006 Honda Civic Hybrid
Posts: 248
Default Re: IRS Rules for Tax Credit

Quote:
Originally Posted by tomdavie View Post
Hi

I have never heard that the Gov will shave your tax credit if you make more or less than the next guy. That cant make sense can it?

We bought in april so we should get the full tax credit. We too may have to take the Amt however. We shall see.
Tom it doesn't matter what month you bought you car-as long as it was in 2006 and not a Toyota when the credit was reduced, then you will get the full credit until it hits the AMT limit. If you are married and own a home, I'll guarantee you get less than the full credit.
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