a stupid question

minghi · 03-30-2007, 11:33 PM

hi

i have been waiting to buy a prius over the past few years but could never make myself like the design of the exterior. but now, with gas prices killing me with my long commutes, i am taking the plunge and getting the prius for myself. now, if i purchase it tomorrow (3/31/07) , the 1575 tax credit applies to the 2006 return or 2007 return? meaning, do i have to wait till the next year tax filing season to get the 1575 credit?

thanks for answering this stupid question
mk

Tyrin · 03-30-2007, 11:37 PM

<div class='quotetop'>QUOTE(minghi @ Mar 30 2007, 11:33 PM) [snapback]415322[/snapback]</div>

Quote:

hi

i have been waiting to buy a prius over the past few years but could never make myself like the design of the exterior. but now, with gas prices killing me with my long commutes, i am taking the plunge and getting the prius for myself. now, if i purchase it tomorrow (3/31/07) , the 1575 tax credit applies to the 2006 return or 2007 return? meaning, do i have to wait till the next year tax filing season to get the 1575 credit?

thanks for answering this stupid question
mk
[/b]

2007. For next year's filing.

Bill Merchant · 03-31-2007, 01:32 AM

See! You should have bought last year, when the credit was even higher!

IMHO, any tax saving is icing on the cake. You're helping to save the world, saving taxes is just an extra.

minghi · 04-04-2007, 07:46 PM

thanks guys. i just got one. and am very happy with the mpg. however its more of a struggle to keep it at 50mpg. can no longer drive like a crazy man, i guess.

JimN · 04-05-2007, 12:05 AM

<div class='quotetop'>QUOTE(minghi @ Apr 4 2007, 07:46 PM) [snapback]417901[/snapback]</div>

Quote:

thanks guys. i just got one. and am very happy with the mpg. however its more of a struggle to keep it at 50mpg. can no longer drive like a crazy man, i guess.
[/b]

Welcome to the site. I'm still trying to get mine TO 50mpg. Sanity has its own rewards.

Godiva · 04-05-2007, 12:30 AM

Congrats and don't worry about it. You'll be surprised. You're going to be so much more relaxed and calm on your commute now. And you'll find you don't really miss driving like a maniac.

ohgreys · 04-05-2007, 09:10 AM

Remember that if you know that you will qualify for the tax credit, you can change your withholdings now so that you can benefit from it all year rather than waiting to get a refund next year.

TheAnnoyingOne · 04-17-2007, 01:22 AM

<div class='quotetop'>QUOTE(minghi @ Apr 4 2007, 04:46 PM) [snapback]417901[/snapback]</div>

Quote:

thanks guys. i just got one. and am very happy with the mpg. however its more of a struggle to keep it at 50mpg. can no longer drive like a crazy man, i guess.
[/b]

Guessed right, you will not.

You will be calmer, your blood pressure will be lower, you will be less anxious to get to a gas station; good overall health benefits, less $/mile AND you are helping the environment.

acdii · 04-17-2007, 01:37 PM

heheh you would think! I still have to fill up once a week, but at least it is only about 9 gallons instead of 30

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03-30-2007, 11:33 PM	#1
minghi Junior Member Join Date: Mar 2007 Posts: 8 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	hi i have been waiting to buy a prius over the past few years but could never make myself like the design of the exterior. but now, with gas prices killing me with my long commutes, i am taking the plunge and getting the prius for myself. now, if i purchase it tomorrow (3/31/07) , the 1575 tax credit applies to the 2006 return or 2007 return? meaning, do i have to wait till the next year tax filing season to get the 1575 credit? thanks for answering this stupid question mk

03-31-2007, 01:32 AM	#3
Bill Merchant absit invidia Join Date: May 2005 Location: USA \| Oregon \| Portland area \| 97004 \| Posts: 3,925 My Car: 2007 Prius Package: #5 Nominated 6 Times in 1 Post TOTM Awards: 1 Friends: 47	See! You should have bought last year, when the credit was even higher! IMHO, any tax saving is icing on the cake. You're helping to save the world, saving taxes is just an extra.

04-04-2007, 07:46 PM	#4
minghi Junior Member Join Date: Mar 2007 Posts: 8 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	thanks guys. i just got one. and am very happy with the mpg. however its more of a struggle to keep it at 50mpg. can no longer drive like a crazy man, i guess.

04-05-2007, 12:30 AM	#6
Godiva AmeriKan Citizen Join Date: Apr 2005 Location: San Diego, CA Posts: 9,024 My Car: 2005 Prius Package: #1 Nominated 3 Times in 2 Posts TOTM Awards: 0 Friends: 5	Congrats and don't worry about it. You'll be surprised. You're going to be so much more relaxed and calm on your commute now. And you'll find you don't really miss driving like a maniac.

04-05-2007, 09:10 AM	#7
ohgreys Join Date: Apr 2006 Posts: 123 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Remember that if you know that you will qualify for the tax credit, you can change your withholdings now so that you can benefit from it all year rather than waiting to get a refund next year.

04-17-2007, 01:37 PM	#9
acdii Senior Member Join Date: Apr 2007 Posts: 348 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	heheh you would think! I still have to fill up once a week, but at least it is only about 9 gallons instead of 30