HCH II-Specific Discussions Model Years 2006-2011

Tax break two years in a row

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  #11  
Old 01-15-2007, 07:38 AM
Orient Express's Avatar
Über Lord of Hypermillia
Join Date: Aug 2006
Location: San Francisco Bay Area
Posts: 652
Default Re: Tax break two years in a row

Originally Posted by ElanC
Don't write things about which you are clueless.
Honda sold 31,253 Civic hybrids in 2006 and 5,598 Accord hybrids. They will reach the 60,000 allotment for the tax credit some time in the second half of 2007.
Well, I stand corrected. Thank you for the mature and un-aggressive way you corrected my erroneous statement. I would guess that you are probably in public relations?
 
  #12  
Old 01-15-2007, 07:44 AM
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Location: So. California
Posts: 1,120
Default Re: Tax break two years in a row

Originally Posted by (Always)
Kenny, wow, your stats in your sig...very impressive, good job

Thanks
If you see me crawling on the right lane of the 405 just pull around me.

 
  #13  
Old 01-15-2007, 09:21 AM
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Join Date: Oct 2005
Location: Michigan
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Default Re: Tax break two years in a row

I thought I read once that the car has to be held for a min. of 3 or 4 years for the tax credit to be 100%. Otherwise a prorated amount would have to be refunded to the IRS. You might want to check with your accountant first.
 
  #14  
Old 01-17-2007, 02:21 PM
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Default Re: Tax break two years in a row

I thought I read you can get the credit if you bought the car without the intension of selling it. Just don't gete audited!
 
  #15  
Old 01-18-2007, 12:25 PM
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Default Re: Tax break two years in a row

Originally Posted by kenny
Thanks
If you see me crawling on the right lane of the 405 just pull around me.

hahahahaha will do
 
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