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Re: 2008 Tax Credit
IRS has not finished the 2008 Form 8910 for the hybrids yet ( estimated date is Feb 11 ).
The IRS will not give an opinion until the Form 8910 has been finalized. http://www.irs.gov/pub/irs-pdf/f8910.pdf is still the 2007 version |
Re: 2008 Tax Credit
However, I just filed my tax return and got credited 525.- on it.
Bought a 2009 in November 08.:) |
Re: 2008 Tax Credit
Originally Posted by larryr
(Post 196838)
IRS has not finished the 2008 Form 8910 for the hybrids yet ( estimated date is Feb 11 ).
The IRS will not give an opinion until the Form 8910 has been finalized. http://www.irs.gov/pub/irs-pdf/f8910.pdf is still the 2007 version Sorry Folks NO TAX CREDIT for the 2009 Honda Civic Hybrid. If you claim it you get audited and will have to pay the $525 tax plus penalties and interest. File an ammended return ASAP if you did claim it. Not tax advice - just a suggestion. For 20 years I got audited every year because I wrote most of the tax programs in the 70's. I was glad when they retired all my old software. I never had any problems. |
Re: 2008 Tax Credit
Don't forget to write off the state sales tax you paid for your vehicle if you purchased it in 2008! My estimated sales tax deduction was $700, as calculated by the IRS. But Turbo Tax showed me that I could write off the $1700 in sales tax I paid when I bought my Honda.
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Re: 2008 Tax Credit
2008 form 8910 is now on www.irs.gov/forms. It specifically states "Honda vehicles purchased during 2008 qualify for the credit".:D
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Re: 2008 Tax Credit
go to the instructions for the hybrid form 8910 at this link and read page 2 http://www.irs.gov/pub/irs-pdf/i8910.pdf . On page 2 is the list of what you can deduct - only 2008 model year Honda civic qualifies - no 2009 Honda is in the 2009 section. The 2008 is in the list.
You claim a 2009 Honda civic hybrid, you will get a letter asking for repayment of the credit and if after April 15 they will want penalty and interest too. |
Re: 2008 Tax Credit
Remember that purchased can mean "Ordered" for the qualification for the incentive. If you have a purchase order dated before the quarterly cut-off, you can claim the qualified amount for that quarter. Claim it for the tax year that you took possession of the vehicle.
If you ordered in December of 2008 and took possession in Feb. of 2009 - you qualify for the tax incentive allowable in the last quarter of 2008 and you claim it in 2010 when you do your 2009 taxes. |
Re: 2008 Tax Credit
Found this today on IRS site, seems 2009 hch was added sometime before 3-19-09.
http://www.irs.gov/businesses/corpor...203909,00.html Although turbo tax doesn't represent it yet. |
Re: 2008 Tax Credit
Originally Posted by okie mom
(Post 200934)
Found this today on IRS site, seems 2009 hch was added sometime before 3-19-09.
http://www.irs.gov/businesses/corpor...203909,00.html Although turbo tax doesn't represent it yet. go to the instructions for the hybrid form 8910 at this link and read page 2 http://www.irs.gov/pub/irs-pdf/i8910.pdf . I wish it did. I could use another $525.00. |
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