Does the government still give tax credits to hybrid car owners, or was that phased out?
If it still exists, how much is the tax credit, and does it count if I were to buy a used hybrid instead of a new one?
This entry was posted by largie on August 1, 2010 at 1:05 am, and is filled under Hybrid vehicles questions and answers. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site.
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It’s on new ones only, and has been phased out for many models but still exists for some. See irs.gov for more info – type “hybrid” into the search box.
about 1 year ago
Toyota/Lexus no longer have credits.
Honda does, but it’s reduced.
The vehicle must be new with you. Leased doesn’t count (the Leasing company would get the credit).
And if you do buy one, your credit is subject to AMT and limited by the amount of tax you owe.