Samson <nospam@nospam.com> wrote:
> In a post from yesterday about buying a new car I am comparing the
> price of the Hybrid and I make the assumption that there is a $2100
> tax credit. But in some reading it sounds like the credit phases out
> and expires after a certain amount of cars.

> http://www.fueleconomy.gov/feg/tax_hybrid.shtml

> How can I definitively find out whether the tax credit is still $2100?
> The dealer says he doesn't know.

> It makes it a bit easier to rationalize the extra cost of the car with
> that $2100 credit and might effect the decision.

> \Samson

Also don't forget about the AMT trap. If you end up being subject to AMT,
you may not get any tax deduction. The way AMT rules are written, it is
catching more and more people evey year. I bought a Hondad Accord Hybrid last
year and this was the first time I found myself subject to AMT. I got $0 of
the promised $1300 federal tax credit. Fortunately Colorado gives me $3200
tax credit on state taxes (no strings attached). Nevertheless I am enjoying
the car. So I won't complain too much about the imaginary federal tax credit.

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