Re: FYI: TurboTax 2007 and the Hybrid Tax Credit
One more thing to keep in mind if you are doing your taxes on tax software this year. Are you using your hybrid for business as well as pleasure? If you answer "yes" to that question, you will still get the credit, but it will be split on your forms. A portion will show up as your tax credit (that's the portion you indicate as "personal use"). A portion will show up as a business expense/rebate. It will still add up to $2100 (for those of you who bought a new HCH in 07), but you won't see it where you might expect it to be. Therefore, those of you who don't think you're getting the $2100 should check out the business expense end of your return, just in case.
|