June 28, 2005

Tax Deductions for Hybrid car/SUV purchases

Paul Caron has the list. Note that 1 out of 7 vehicles is a domestic (the Ford Escape Hybrid - which uses Toyota hybrid components). The deduction is $2000 in 2005 and $500 in 2006 (not a whole lot for vehicles that can cost north of $40K in some cases). Posted by James Zellmer at June 28, 2005 7:46 AM | Subscribe to this site via RSS:
Posted to Cars | Taxes