The Term of the Credit

johnny51981 · 12-05-2007, 07:29 PM

OK, I just need a little bit of clarification. I bought my 2007 Prius in April, just after it was cut down to the $787. Do I get that credit every year that I own the vehicle, going forward, or is it just a one time credit?

JimboK · 12-05-2007, 08:24 PM

The hybrid tax credit is a one-timer.

johnny51981 · 12-09-2007, 08:19 PM

Dang. Oh well. I'm still saving plenty.

Freightbusters@aol.com · 12-11-2007, 10:25 PM

Quote:

Originally Posted by johnny51981

OK, I just need a little bit of clarification. I bought my 2007 Prius in April, just after it was cut down to the $787. Do I get that credit every year that I own the vehicle, going forward, or is it just a one time credit?

Can I file and get a credit?

GlobalWarmer · 12-17-2007, 03:38 PM

Shame on you for pursing the alimighty dollar at the expense of others.

People who buy a Prius to get the tax credit are not true believers. In fact, buying one for the write-off makes them somewhat of a Leona Helmsley type person....

"We don't pay taxes. Only the liittle people in gas guzzling cars pay taxes......."

Stick a sock in it and pay your taxes. The government needs your money so that it can help others.

a priori · 12-17-2007, 03:46 PM

Quote:

Originally Posted by Freightbusters@aol.com

Can I file and get a credit?

Yes, you can file. The form may even show a credit. Still, you will not receive any benefit unless you are actually paying taxes. In other words, the credit has value only as against an actual tax obligation.

johnny51981 · 12-19-2007, 07:05 PM

Quote:

Originally Posted by GlobalWarmer

Shame on you for pursing the alimighty dollar at the expense of others.

People who buy a Prius to get the tax credit are not true believers. In fact, buying one for the write-off makes them somewhat of a Leona Helmsley type person....

"We don't pay taxes. Only the liittle people in gas guzzling cars pay taxes......."

Stick a sock in it and pay your taxes. The government needs your money so that it can help others.

I'm guessing this was a joke.

But, I have wanted one since they were first released to further my greener efforts.

Kidd · 12-19-2007, 07:29 PM

No more tax credits for Prius was my understanding.

johnny51981 · 12-28-2007, 06:21 PM

If you purchased it before October (I believe) you will get some kind of tax credit. If after, you do not.

12-05-2007, 07:29 PM	#1
johnny51981 Member Join Date: Apr 2007 Location: Kent, WA Posts: 42 My Car: 2007 Prius Package: #6 Touring Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	The Term of the Credit OK, I just need a little bit of clarification. I bought my 2007 Prius in April, just after it was cut down to the $787. Do I get that credit every year that I own the vehicle, going forward, or is it just a one time credit?

12-19-2007, 07:29 PM	#8
Kidd Member Join Date: Nov 2007 Location: Port Orange, FL Posts: 75 My Car: 2008 Prius Package: #6 Touring Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: The Term of the Credit No more tax credits for Prius was my understanding.

12-28-2007, 06:21 PM	#9
johnny51981 Member Join Date: Apr 2007 Location: Kent, WA Posts: 42 My Car: 2007 Prius Package: #6 Touring Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: The Term of the Credit If you purchased it before October (I believe) you will get some kind of tax credit. If after, you do not.

12-05-2007, 08:24 PM	#2
JimboK One owner, low mileage Join Date: May 2006 Location: Chesterfield, VA Posts: 1,997 My Car: 2005 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 3	The hybrid tax credit is a one-timer.

12-09-2007, 08:19 PM	#3
johnny51981 Member Join Date: Apr 2007 Location: Kent, WA Posts: 42 My Car: 2007 Prius Package: #6 Touring Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Dang. Oh well. I'm still saving plenty.

12-17-2007, 03:38 PM	#5
GlobalWarmer Junior Member Join Date: Dec 2007 Location: Cal-e-fornia Posts: 4 My Car: Other Non-Hybrid Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Shame on you for pursing the alimighty dollar at the expense of others. People who buy a Prius to get the tax credit are not true believers. In fact, buying one for the write-off makes them somewhat of a Leona Helmsley type person.... "We don't pay taxes. Only the liittle people in gas guzzling cars pay taxes......." Stick a sock in it and pay your taxes. The government needs your money so that it can help others.