Tax Guru-Ker$tetter Letter
Sunday, August 20, 2006
Hybrid Vehicles
Q:
Subject: CarI 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.htmlhttp://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