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  1. #1
    Guest

    old tax credit and new tax credit

    We have a civic hybrid and took advantage of the one time credit when we bought the car in 2003. If we purchase a new hybrid can we take advantage of the new tax credit?
    John in KC

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  3. #2
    Guest

    old tax credit and new tax credit

    I believe the only restriction is that you can claim the credit only once a year. So, yes. And to clarify, last time it was a deduction I believe. This time it is a credit.

  4. #3
    Guest

    old tax credit and new tax credit

    Asian Brad is correct. Prior to this year, the buyer of a hybrid car received a tax deduction. This year you will receive a tax credit. If you owe $10,000 to the IRS deduct $2,100 for a Honda Civic Hybrid.

    And if you live in New York State, the governor has recommended a $2,000 credit on state taxes plus lower turnpike fees.

  5. #4
    Junior Member
    Join Date
    Apr 2011
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    0

    Did you know that Jay

    Did you know that Jay Leno’s drives a restored 1909 Baker Electric Coupe that runs on the original batteries designed by Thomas Edison?

  6. #5
    Junior Member
    Join Date
    Apr 2011
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    0

    I don't believe that the one

    I don't believe that the one time credit will also apply to the new car as well, because that was valid then, when you bought the first hybrid car. I think that you should interest yourself on how to donate a car, mainly because I think it's a bit old and I don't believe that hybrid cars can last that long.

  7. #6

    Hi. Do you know if this hew

    Hi. Do you know if this hew tax credit is going to be valid this year, too? I'm also thinking about buying a new hybrid car and I've heard from a friend from the used cars Des Moines company that there was this one time credit sometime in 2003. If is isn't valid anymore, I at least hope there is something similar on the market.

  8. #7
    Guest

    took advantage of the one

    took advantage of the one time credit when we bought the car in 2003. If we purchase a new hybrid can we take advantage.Web Hosting Reviews

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