Re: 2006 Tax Credit - 2006 AMT trap
Thanks for the heads-up. I did a quick estimate of my tax liability for 2006 and discovered that, sure enough, I am going to be hit with the AMT next year if the AMT deduction is reduced as currently scheduled. As a result, I won't see any of the hybrid tax credit that I thought I would get on my '06 HAH.
OTOH, not getting the credit would not have affected my decision to buy the car, which I absolutely love as it is far more safe, comfortable and economical than the '96 Mercury Sable I was driving. I also got the car for nearly $4K off MSRP so it was a very good deal as well.
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