Hybrid tax credits beginning to phase out

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#11

07-11-2006, 07:14 AM

berkshires

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Join Date: Sep 2005

Posts: 5

Re: Hybrid tax credits beginning to phase out

Quote:

Originally Posted by MFLetou

Sorry, this type of fairly ignorant post drives me crazy. It is not a "Bush Administration" gaz guzzler tax deduction. It came to pass in the Clinton/Gore Administration, and in fact its been the Bush Administration that's been a strong proponent of hybrid tax credits in the first place--they are located in the National Energy Policy Act, passed in 2005.

Ignorant posts drive me crazy too. What exactly do you think was passed in the Clinton/Gore Administration? The tax credit goes back to 1978 and the tax code had a loophole that automakers took advantage of, since SUV were exempt. Not a Bush thing or a Clinton thing - blame congress if you really want, but I place the fault with the consumer.

#12

07-11-2006, 08:23 AM

WillyBill

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Join Date: Jun 2006

Location: Indianapolis

Posts: 131

Re: Hybrid tax credits beginning to phase out

Please visit the EDMUNDS forums and look for a discussion thread entitled 2007 Toyota Camry Hybrid - Important Tax Information.
This thread has links to a CERTIFICATION letter from the IRS to Toyota which certifies that the 2007 Toyota Camry Hybrid is a qualifying vehicle according to the IRS. This certification is the required proof that you may need after filing form 8910 to receive your tax credit on your 2007 TCH.

http://townhall-talk.edmunds.com/WebX/.f0d9a94/0

#13

07-11-2006, 09:44 AM

Ashycats

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Join Date: Jul 2006

Posts: 2

Discounted insurance for Hybrid Car owners

Did you know that Travelers insurance offers a 10% discount on auto insurance to hybrid vehicle owners? Pretty cool! Check out their site: www.hybridtravelers.com, tell them your hybrid story, and register to win a free iPod!

#14

07-24-2006, 01:04 PM

Orcrone

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Join Date: Jun 2006

Location: Chesapeake, VA

Posts: 1,031

Re: Hybrid tax credits beginning to phase out

At the risk of being ostracized (sp?) can you tell me more about the $25,000 credit. My wife and I own a retail furniture store and had to purchase a new delivery truck last year when the old one went DOA (Dead On its Axles). It's an 18 foot closed box delivery truck which we use 100% for business. Does this credit apply to us or is it too much of a work truck and not enough of a status mobile?