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Old 09-05-2005, 06:24 PM
AZMerf AZMerf is offline
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Location: Phoenix, Arizona
Hybrids: 2006 HCH / 2007 FEH
Posts: 547
Default Re: Tax credit-One of the first 60K (Strategies?)

Just so it's clear, you have to purchase the vehicle after January 1, 2006 and be one of the first 60,000 vehicle sold by that manufacturer. The amount is not set yet, but it looks like a $2,000 to $3,000 tax credit will be available. A credit is different than a deduction in that you reduce your tax liability by $2,000 versus a deduction which reduces the wages used to calculate your tax liability.

Here is a good article on the subject:

http://www.kansascity.com/mld/kansas...s/12457622.htm

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