revising my earlier reply. I qualify for $0 of the $1950 FEH tax credit.

Darn AMT hit me for the first time this year (of all years), sigh...

 

I qualify for the full tax credit. However, with the Saturn Hybrid Vue it is only $650.

 

Did my taxes last night. Dropped my taxes by $2209. w00t!

 

I get none here, only because my Lifetime Learning Education Credits took care of all of the income tax. So, I suppose I'm not allowed to complain.

 

Standard deductions for the wife and 2 kids shot down $2k of the expected $2.6k refund. Very surprised and disappointed that the hybrid credit only applies if you don't have any other credits. My dealer didn't promise anything when I bought, but I had read the IRS press releases and certainly believed they were trying to give an incentive to reduced fuel consumption. I've been bait-and-switched, but considering the perpetrators, it should have been expected!!

 

we only recieved about 2553 of the 3150 credit from the Infernal Revenue Stealers.
Apparently even though we couldn't take child credit, because income is barely over the limit, Had lower than usual deuctions. we still got hit on the AMT worksheet.
Apparently if you have too many credits and deductions (we don't fudge ours) you can only write off the hybrid credit up to the amount that takes you right to the amt limit. If we had written of the 3150 then they would have hit us up for an additional 597 in tax on the amt.
We are far from being wealthy,Once again congress snares more non rich in the amt.

 

I'm getting $2492 of the $2600. That is, I'm $108 over the AMT with the credit.

-- Alan

 

I got roughly $1950 for the federal credit, but got all of the state credit. I would certainly imagine that you will get all of the state credit as well. Our state is very generous.

 

Yup, we got every dime. Yet another reason to love Colorado. We might need to buy another hybrid next year!

 

Now if we could only get our TABOR money back.