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    Lindavuong's Avatar
    Lindavuong Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 19, 2008, 01:38 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

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