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Old 11-15-2007, 01:43 PM
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gpsman1 gpsman1 is offline
Hybrid Technologist
 
Real Name: John
Location: N.Colorado & S.Minnesota
Hybrids: 2005 Diet Ford Escape FWD, 2000 Honda Insight
Posts: 2,492
Default Re: Bought Two FEH can I claim both?

It used to say you can claim the tax credit now, but you must keep the car 3 years. If you sell the car after 1 year, you pay 2/3 credit back.
If you sell the car after 2 years, you pay 1/3 credit back.

IRS figures nearly all people would keep the car 3 years.
But, this is basically based on the honor system.
( and the occasional audit! )

But I have not re-read the laws recently, as I have not bought a hybrid recently. Check for state incentives also. My state incentive was better than the IRS one, and has nothing to do with AMT.
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