Honda Hybrid Vehicles Certified for IRS Clean-Fuel Vehicle Deduction
Thread Starter
|
Site Founder
Joined: Dec 2003
Posts: 4,623
Honda Hybrid Vehicles Certified for IRS Clean-Fuel Vehicle Deduction
The Internal Revenue Service has certified the model year 2005 Honda Insight, the Honda Civic Hybrid, and the Honda Accord Hybrid as being eligible for the clean-fuel vehicle deduction. This certification means that taxpayers who purchase one of these hybrid vehicles new may claim a tax deduction of up to $2,000 on Form 1040.
Under the recently signed Working Families Relief Act of 2004, the clean-burning fuel deduction is up to $2,000 for certified vehicles first put into service in 2004 and 2005. The deduction will be limited to $500 for vehicles placed in service in 2006. No deduction will be allowed after 2006.
Read the entire article here.
Under the recently signed Working Families Relief Act of 2004, the clean-burning fuel deduction is up to $2,000 for certified vehicles first put into service in 2004 and 2005. The deduction will be limited to $500 for vehicles placed in service in 2006. No deduction will be allowed after 2006.
Read the entire article here.
Thread
Topic Starter
Forum
Replies
Last Post
lars-ss
Fuel Economy & Emissions
1
May 17, 2005 04:50 AM
