Can you use the Alternative Motor Vehicle Tax Credit in more than one consecutive year?
I'm really confused about the Alternative Motor Vehicle Credit (AKA Hybrid Vehicle Credit). I purchased a 2007 Ford Escape 2WD Hybrid in 2007 and got the $2600 credit in my 2007 tax return. The 2005, 2006, and 2007 Ford Escape models still show up on the IRS' 2008 eligible hybrid vehicles list. Does this mean I can claim the credit again on my 2008 tax return, or does this mean that only people who bought an older model in 2008 can claim the credit on their 2008 tax return? Thanks for any help!
No, you can only claim the
No, you can only claim the credit one time on a new purchase of those vehicles.
I just leased a 2010 Civic
I just leased a 2010 Civic Hybrid...will I be able to benefit here?