Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Hybrid Vehicles

Posted by taxguru on August 20, 2006

 

Q:

Subject: Car
 
I have just purchased a 2006 Toyota Prius and am now told there is a tax credit. I have purchased through my company. Do you know about this. Please advise. Thanks.

A:

The Toyota Prius is one of the alternative fuel vehicles that qualify for the special Federal tax credit.

Texas writer Kay Bell has been posting a lot about this in her blog, such as at:

http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2006/08/time_running_ou.html

http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2006/07/pace_accelerati.html

http://www.bankrate.com/brm/news/auto/fuel-efficient/20060809a1.asp

I’m surprised the Toyota dealer didn’t have info on this as well since it is one of the big selling points for the Prius.

Kerry

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