Tax break two years in a row

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Jan 15, 2007 | 07:38 AM

#11

Orient Express

Über Lord of Hypermillia

Joined: Aug 2006

Posts: 652

From: San Francisco Bay Area

Re: Tax break two years in a row

Quote:

Originally Posted by ElanC

Don't write things about which you are clueless.
Honda sold 31,253 Civic hybrids in 2006 and 5,598 Accord hybrids. They will reach the 60,000 allotment for the tax credit some time in the second half of 2007.

Well, I stand corrected. Thank you for the mature and un-aggressive way you corrected my erroneous statement. I would guess that you are probably in public relations?

Jan 15, 2007 | 07:44 AM

#12

kenny

Ridiculously Active Enthusiast

Joined: Jun 2004

Posts: 1,120

From: So. California

Re: Tax break two years in a row

Quote:

Originally Posted by (Always)

Kenny, wow, your stats in your sig...very impressive, good job

Thanks
If you see me crawling on the right lane of the 405 just pull around me.

Jan 15, 2007 | 09:21 AM

#13

moosh

Owner

Joined: Oct 2005

Posts: 97

From: Michigan

Re: Tax break two years in a row

I thought I read once that the car has to be held for a min. of 3 or 4 years for the tax credit to be 100%. Otherwise a prorated amount would have to be refunded to the IRS. You might want to check with your accountant first.