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Home > Money & Services > Taxes   »   Tax Credit available to Taxpayers who purchased a Hybrid Vehicle in 2007

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Old Mar 19, 2008, 01:38 PM
Lindavuong
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Tax Credit available to Taxpayers who purchased a Hybrid Vehicle in 2007
Energy Tax Credit for Hybrids purchased or placed into service after December 31, 2005 may be eligible for a federal income tax credit of up to $3,400 according to Fuel Economy. Credit amounts begin to phase out for a given manufacturer once it has sold over 60,000 eligible vehicles.

Does the tax credit only available for taxpayers with curtain income bracket? Is there any income qualification?

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Old May 2, 2008, 11:00 AM   #2  
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Yes, there are limitations based on income brackets.
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