Quote:
Originally Posted by tigerhonaker
This is a very interesting Thread. I did not know that consumers were having problems with getting the Tax Credits on their Hybrids.
When we just Filed our Tax we had no issue at all getting the Full Tax Credit on our 2006 HCH II. We purchased it in I think Oct. 2005 and it seems to me that the Tax Credit was $2,100.00. No problem at all.
Like I said this is interesting to read all the problems that are showing up with owners and getting the correct Tax Credit.
Terry (tiger)
BTW, Sorry to read that "Owners" are having these "Problems".
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You must have taken tax deduction for your hybrid for tax year 2005. Things changed in 2006. Tax dedcution became tax credit in 2006 which sounded much better on the surface until we all started finding out this tax credit is subject to AMT and AMT has hit more people this year than last year, as I understand. So for people like me who got hit by AMT this year, we are finding our deduction has either been limited or eliminated completely. Thanks for trying to understand our frustration! I appreciate it.