| These days, there is a rise in new | | | | Escape 4 WD Hybrid: $1,950 2007 Ford Escape |
| fuel-efficient hybrid car products for sale. | | | | Front WD Hybrid: $2,600 2007 GMC Sierra |
| Due to this rise the government is compelled | | | | (2WD): $250.00 2007 GMC Sierra (4WD): $650.00 |
| to apply taxes. Those who are planning on | | | | 2007 Honda Accord Hybrid AT: $1,300 2007 |
| buying a hybrid car should not be at a loss | | | | Honda Accord Hybrid Navi AT: $1,300 2007 |
| though. The Internal Revenue Service has | | | | Honda Civic GX compressed natural gas |
| already legitimized a handful of hybrid car | | | | vehicle: $4,000 2007 Honda Civic Hybrid CVT: |
| brands and models for a tax credit. This may | | | | $2,100 2007 Lexus GS 450h: $1,550 2007 Lexus |
| be a pretty good offer for those planning on | | | | RX 400h 2WD and 4WD: $2,200 2007 Mercury |
| buying a hybrid car, and it could be one of | | | | Mariner 4 WD Hybrid: $1,950 2007 Nissan |
| the best incentives initiated so far. | | | | Altima Hybrid: $2,350 2007 Saturn Aura Green |
| | | | Line: $1,300 2007 Saturn Vue Green Line: $650 |
| What Tax Credit Is | | | | 2007 Toyota Camry Hybrid: $2,600 2007 Toyota |
| | | | Highlander Hybrid 2WD and 4WD: $2,600 2007 |
| If you purchased a hybrid car on or after | | | | Toyota Prius: $3,150 |
| January 1, 2006, your purchase may be | | | | |
| eligible for a tax credit that can amount to | | | | New Cars Only |
| $400 to $3,400. The amounts vary depending on | | | | |
| how the fuel economy goes. Conversely, the | | | | The government may offer a tax credit for |
| tax credit may only be temporary because it | | | | hybrid cars, but limitations still apply. For |
| also relies on whether new hybrid cars and | | | | instance, only hybrid cars that are new are |
| other cars are in demand. This suggests that | | | | qualified for a tax credit. When a buyer |
| tax credits could last just a short period of | | | | purchases a hybrid car, it must not be a used |
| time whenever manufacturers arrive at a | | | | car. Furthermore, hybrid cars that have been |
| certain mark in their car sales. Apparently, | | | | purchased by the buyer cannot be sold again. |
| hybrid car brands that aren't as popular will | | | | You must buy a hybrid car only for personal |
| not be greatly affected if the number of | | | | or business use, and not for any other |
| sales does not increase too quickly. | | | | purpose. |
| | | | |
| Models That Are Qualified | | | | The thing about acquiring the tax credit for |
| | | | hybrid car goods is that your income tax |
| The IRS has produced a list of all hybrid | | | | liability will be lessened. Furthermore, any |
| cars that have the possibility of being | | | | surplus cannot be passed on to the succeeding |
| qualified for a tax credit. This list is | | | | year. What all this information means is |
| comprised of automobiles that are sold after | | | | that, the government is practically |
| January 1, 2006 as well as those payable in | | | | encouraging the purchase of automobiles that |
| 2008. Relevant tax credit totals are listed | | | | are more energy-saving and environmentally |
| in the following document: | | | | friendly by giving buyers the benefit of |
| | | | saving money on gas. Additionally, the |
| 2007 Chevrolet Silverado (2WD): $250.00 2007 | | | | government is allowing buyers of hybrid cars |
| Chevrolet Silverado (4WD): $650.00 2007 Ford | | | | to save through tax breaks. |