Thread: Will changing W2's increase Hybrid credit?
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Old 06-14-2007, 07:41 AM
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Sledge Sledge is offline
YA RLY.
  
Real Name: Bubo scandiacus
Location: Saginaw, MI
Hybrids: 2006 Honda Civic Hybrid
Posts: 610
Default Re: Will changing W2's increase Hybrid credit?
It will have no impact on the credit, but if you do not owe enough taxes, you won't get the full credit. Since I'm single and not a homeowner (aka lots of deductions) the AMT didn't affect me and I got the full credit. However, since I only have to write a small check to the feds every year, I had to change my W2 so I would have had to pay a lot more in taxes (approximately $2100 more ) Then the full credit comes along and knocks that down back.

Just remember to change your W2 at the end of the year.

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