I got an HCH2 in early 06 (love it!) and didn't qualify for the tax credit when I filed last year. If I qualify this year, can I claim it a year late?

I read through as many forms I could find on irs.gov, but the wording isn't clear that you must claim the credit for the tax year in which you bought the vehicle.

Many tax breaks are given a "carryover" and I'm wondering if this is also?

Thanks for any references to clarify.

You can read the entire Internal Revenue Code, and you'll find that the wording isn't clear. It's written by attorneys as a way of guaranteeing themselves future business.

Any time a law isn't clear, the average guy has to pay a lawyer to tell him what it means.

Good luck getting a straight answer on this one.

.

According to the IRS instructions to form 8910:

In addition to certification, the following requirements
must be met to qualify for the credit:
...
You placed the vehicle in service during your tax year;
...

I take this to mean that you're out of luck. Sorry.

I agree with freefiber (welcome, BTW!). Sorry, FamilyMan.

Steve

STOP terrorism - Drive a HYBRID

Vehicles:
350 miles a week ------------ 2006 HCH II, Magnetic Pearl, w/NAVI (born on May 25, 2006)
350 miles a month ---------- 2003 Mazda Tribute ES-V6
350 miles a year (for now) - 1986 Mercedes 560SL

Why not try? H

"Why not try?"

Ask Wesley Snipes

In a word: no.

If you bought ("placed in service") a new hybrid in 2006, then your 2006 tax return was your only option for claiming the credit.

2008 Escape Hybrid FWD - lil' green gas sipper