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-   -   Tax Credit available to Taxpayers who purchased a Hybrid Vehicle in 2007 (https://www.askmehelpdesk.com/showthread.php?t=196400)

  • Mar 19, 2008, 01:38 PM
    Lindavuong
    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?
  • May 2, 2008, 11:00 AM
    AtlantaTaxExpert
    Yes, there are limitations based on income brackets.

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