So far the Honda Accord is not yet on the "approved list" for the tax deduction. My guess is it will be added retroactively, though. Has anyone heard otherwise?
Only the Civic Hybrid, Insight, Prius and Escape Hybrid have been approved so far.
It takes a while for the government to approve the cars for the deduction.
For instance, the Ford Escape Hybrid wasn't approved until last week, even though the FEH has been on the market since fall.
Here's the details of the deduction for approved cars.
"The clean-buring fuel deduction is a federal tax deduction up to $2,000 for taxpayers for hybrid vehicles first put into service in 2004 and 2005. The deduction decreases to $500 for hybrid cars placed into service in 2006 and there is no deduction for subsequent years. "
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