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01-14-2005 09:11 AM #11
IRS Grants Deduction for Ford's Hybrid
Well some of it's going to depend on what tax bracket you're in, and if it will affect your state taxes as well. Here in AZ, they calculate your state income tax based on a percentage of what your Federal adjusted gross income is. If you lived in a state that calculated it some other way or that has low or no income tax, you'd be missing out on some advantages there too.