2008 Honda Civic Hybrid Tax Credit
The IRS set the 2008 Honda Civic Hybrid Tax Credit at $2,100 for those who qualify. That's the same as the 2007 Honda Civic Hybrid Tax ...
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The IRS set the 2008 Honda Civic Hybrid Tax Credit at $2,100 for those who qualify. That's the same as the 2007 Honda Civic Hybrid Tax Credit.
As part of the Alternative Motor Vehicle Credit, hybrid cars (and other alternative fuel vehicles) can qualify their owners for the hybrid tax credit. But not everyone can get the full (or even any) tax credit.
Original owners may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the manufacturer records its sale of the 60,000th vehicle. For the second and third calendar quarters after the quarter in which the 60,000th vehicle is sold, taxpayers may claim 50 percent of the credit. For the fourth and fifth calendar quarters, taxpayers may claim 25 percent of the credit. No credit is allowed after the fifth quarter.
Toyota has surpassed that 60,000 mark and new owners can't get the credit. Honda has just passed the 60,000 limit, and so if you want to get the full credit, you will need to buy a Honda hybrid sometime in the next five months.
As part of the Alternative Motor Vehicle Credit, hybrid cars (and other alternative fuel vehicles) can qualify their owners for the hybrid tax credit. But not everyone can get the full (or even any) tax credit.
Original owners may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the manufacturer records its sale of the 60,000th vehicle. For the second and third calendar quarters after the quarter in which the 60,000th vehicle is sold, taxpayers may claim 50 percent of the credit. For the fourth and fifth calendar quarters, taxpayers may claim 25 percent of the credit. No credit is allowed after the fifth quarter.
Toyota has surpassed that 60,000 mark and new owners can't get the credit. Honda has just passed the 60,000 limit, and so if you want to get the full credit, you will need to buy a Honda hybrid sometime in the next five months.
