USA: Forms to use for hybrid tax credits
If you’re in the United States, tax season is coming to a head. Can you take your hybrid credit? Can you take all of it? Can you carry forward the part you can’t use, or apply it to a previous year? Lots of questions to ask and be answered (and too many people sorely surprised by not getting the financial relief they expected).
I am not a tax professional, and this should not be considered professional advice. If you have any doubts about your abilities to do this on your own, please speak with an accountant. Thanks.
Like with other specialty credits, the ways of claiming (and sometimes, the ability to claim) the hybrid tax credit can be confusing. I should have bought a Prius when the full credit was available, but I waited and now there isn’t one at all. That’s right. Toyota and Lexus hybrids no longer qualify, and Honda hybrids won’t qualify for much longer. So what do you do if you need a credit to justify the extra expense of a new hybrid? Check out the credit schedule and see which models still qualify, and please, seriously consider whether any new car is in your budget. There’s a great conversation going on right now over at TreeHuggingFamily on the new green consumerism, and how buying eco-friendly isn’t always best for the environment … or anything else. Good reading.
Now. Let’s say, I look at the schedule and decide to go with a Ford Escape hybrid. I might get a $3000 tax credit. How can you tell if you’ll get the credit, or how much it will be? CNN Money did a good job of summing it up...
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toyota used car sales News
 The Guardian | Runaway Toyota Prius reached 90 mph-Calif police Reuters Sikes said he had received a recall notice to take his car into a Toyota dealership, but when he did, he was told that his car was not on recall lists, Recall issues to be addressed at Toyota meeting Runaway Prius proves Toyota is clueless Prius Gone Wild: Another Toyota Bucks Its Brakes |
 Washington Post | China passenger car sales up 55 pct in February The Associated Press Toyota's overall sales in China slipped to 45400 units in February from 72000 the month before. The company is running big ads in Chinese newspapers China car sales rise by 55% China sees growing transaction volume of used car in 2009 Daily Economic Briefing: March 8, 2010 |
 Reuters | Toyota Counterattacks, but Cars (Even Fixed Ones) Are Still Running Away BNET Here's the company's position on video: After Gawker broke the story, Toyota was able to show that ABC used an inappropriate image of a racing tachometer. Toyota Says Acceleration Test Cited in Congress Isn't Realistic Toyota Rebutting Claims That Electronics Are to Blame for Runaway Cars |
 NewsHour | Slighted Car Dealers Take Fight to Colorado Legislature NewsHour TOM BEARDEN: Most cities have strips like South Broadway in Littleton, Colorado, long rows of new and used car dealers side by side competing for business. |
Toyota moves past apologies, aims for sales The Associated Press Ford Motor Co., for example, laid low on heavy sales pitches for its Ford Explorer for months in 2000 after Bridgestone tires used on the SUVs caused |
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