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Government & Taxes Money, credits and more!

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  #11 (permalink)  
Old 03-04-2010, 11:53 AM
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Real Name: jeremy clarkson
Hybrids: 2009 escalade hybrid
Posts: 628
Default Re: Hybrid Tax Credit

Quote:
Originally Posted by Red View Post
I've seen no qualifier for the tax credit, except that you had to have at least as much tax due as the amount of credit claimed. Are you saying you got stopped by the AMT?

You better do some more research, The tax credit is $ for $ off your taxes.
edit! yup it is deductible the hybrid tax credit but not the sales tax credit

Last edited by evois; 03-04-2010 at 01:28 PM.
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  #12 (permalink)  
Old 03-23-2010, 06:13 AM
Red Red is offline
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Location: Roswell, GA
Posts: 316
Default Re: Hybrid Tax Credit

Remember that there are two qualifing dates---purchase date (an order qualifies as purchase) and an in-service date. The first one determines the amount of tax credit and the next the year in which it may be claimed

.

Red
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Old 03-23-2010, 06:13 AM
 
 
 
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