Tax credit for owning used Prius?

asparatu · 12-24-2007, 01:55 AM

I was reading the irs web site and it said, in order for me to get the tax credit i had to be the orignal owner of the car?

2. The original use of the vehicle must begin with the taxpayer claiming the credit.

a. The credit may only be claimed by the original owner of a new, qualifying, hybrid vehicle and does not apply to a used hybrid vehicle.

So, since, im not orignal owner, i can not get the tax credit?
Im just little confused about this.

Shane

a priori · 12-24-2007, 11:07 AM

Now you've got me a bit confused.

It seems you've correctly answered your own question: You are not the first buyer of a new hybrid vehicle. Because of this fact, you cannot make any claim for the tax credit.

Is this what you were after?

firepa63 · 12-24-2007, 03:16 PM

You cannot get a tax credit on any used hybrid vehicle.

asparatu · 12-29-2007, 03:35 PM

yes.. that is what i was after... I should have bought a new one...
thank you.

wfor1pilot · 12-30-2007, 01:26 PM

I just purchased my '08 prius yesterday. Is there still a tax credit? I was under the impression that they no longer gave the Tax credits? Also, were the tax credits issued on a state or federal level?

Anyone help me here?

Thanks,
Davis

firepa63 · 12-30-2007, 01:31 PM

The Federal tax credit for the Prius is gone. You will have to check with your state to see if they have anything (some do, some don't).

12-24-2007, 01:55 AM	#1
asparatu Junior Member Join Date: Dec 2007 Location: Portland, OR Posts: 2 My Car: 2005 Prius Package: Base Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Tax credit for owning used Prius? I was reading the irs web site and it said, in order for me to get the tax credit i had to be the orignal owner of the car? 2. The original use of the vehicle must begin with the taxpayer claiming the credit. a. The credit may only be claimed by the original owner of a new, qualifying, hybrid vehicle and does not apply to a used hybrid vehicle. So, since, im not orignal owner, i can not get the tax credit? Im just little confused about this. Shane

12-24-2007, 11:07 AM	#2
a priori Senior Member Join Date: Aug 2007 Location: Chicagoland (West) Posts: 811 My Car: 2007 Prius Package: #6 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 3	Re: Tax credit for owning used Prius? Now you've got me a bit confused. It seems you've correctly answered your own question: You are not the first buyer of a new hybrid vehicle. Because of this fact, you cannot make any claim for the tax credit. Is this what you were after?

12-24-2007, 03:16 PM	#3
firepa63 Senior Member Join Date: Jul 2005 Location: SE Pennsylvania Posts: 389 My Car: 2009 Prius Package: #5 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: Tax credit for owning used Prius? You cannot get a tax credit on any used hybrid vehicle.

12-29-2007, 03:35 PM	#4
asparatu Junior Member Join Date: Dec 2007 Location: Portland, OR Posts: 2 My Car: 2005 Prius Package: Base Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: Tax credit for owning used Prius? yes.. that is what i was after... I should have bought a new one... thank you.

12-30-2007, 01:26 PM	#5
wfor1pilot 1ltr. 164H.P. Join Date: Dec 2007 Location: Westchester, Ca. Posts: 10 My Car: 2008 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: Tax credit for owning used Prius? I just purchased my '08 prius yesterday. Is there still a tax credit? I was under the impression that they no longer gave the Tax credits? Also, were the tax credits issued on a state or federal level? Anyone help me here? Thanks, Davis

12-30-2007, 01:31 PM	#6
firepa63 Senior Member Join Date: Jul 2005 Location: SE Pennsylvania Posts: 389 My Car: 2009 Prius Package: #5 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: Tax credit for owning used Prius? The Federal tax credit for the Prius is gone. You will have to check with your state to see if they have anything (some do, some don't).