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Old 06-12-2007, 09:28 AM
08hybridok 08hybridok is offline
Pretty Darn Active Enthusiast
 
Real Name: Bryan
Hybrids: 08 Escape
Posts: 298
Default Will changing W2's increase Hybrid credit?

From what I gather the Tax Credit is similar to say the Child Credit (1k/kid for 2006). So if I play with my w2, can I increase the ammount I'll get back from my Hybrid purchase?

For 2006 we had an income of 53k, -4 people & std deductions left me with a taxable income of 30k wich equals $3704 of taxes due. -$2k for child credits = 1704 tax due. I assume this is the ammount of the $3k hybrid credit I would recieve.
Togather we paid $6k in taxes so we got a refund of $4k.

If I have less withheld in my W2, will I get more Hybrid cedit, or will I just have more money in my pocket each month & less refund next year?

Thanks!

.


2008 Escape Hybrid FWD
Ice Blue w/Chrome Pkg
Moonroof
Leather Premiem pkg
http://www.starlinkdss.com/Escape.htm
Mods: Tint front to match, Cargo Cover, Keyless Pad, Flaps, Side Moldings.
Want to add Chrome Bug Shield


2000 Expedition Eddie Bauer
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