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| This is a discussion on 2007 Prius Tax Credit within the Prius Tax Credit Discussion forums, part of the Gen II Prius Main Forum category; I bought my Prius in Jun 07 and was wondering what type of tax credit I would recieve. Any help?... |
2007 Prius Tax Credit
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| | #1 |
| Junior Member Join Date: Jun 2007
Posts: 7
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Friends: 0 | I bought my Prius in Jun 07 and was wondering what type of tax credit I would recieve. Any help? |
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| | #2 |
| Junior Member Join Date: Mar 2007
Posts: 25
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Friends: 0 | It will be in the $700 range, not sure of exact amount , I bought mine in March 07 and it was 1500 or so it then went to 1/2 of that amount. hope that helps some. |
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| | #3 |
| Boola Boola Member Join Date: Feb 2007 Location: New York, NY
Posts: 4,297
My Car: 2007 Prius Model: Package: #2 Thanks: 167
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Friends: 22 | $787.50 max. You can find maximum hybrid tax credit amounts here: Summary of the Credit for Qualified Hybrid Vehicles |
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| | #4 |
| Member Join Date: Aug 2007
Posts: 30
My Car: 2007 Prius Model: Package: #6 Thanks: 0
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Friends: 1 | Is this 787.50 clean? or is this tax break giving me actually $30 clean?? :> |
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| | #5 |
| P719 of ??? Join Date: Nov 2006 Location: South Jersey
Posts: 2,702
My Car: 2006 Prius Model: N/A Package: #3 Thanks: 0
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Friends: 2 | The answer is "it depends". The hybrid credit is one of the misc. credits and is affected by the others. Some owners have received the full credit, others have received $0. The most popular culprit seemed to be the child care credit. |
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| | #6 | |
| Senior Member Join Date: May 2007 Location: Huntington Beach, Ca
Posts: 146
My Car: 2007 Prius Model: Package: #2 Thanks: 0
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Friends: 0 | Quote:
Uncle Sam will not you more than what you pay them. Even at the higher level, when the amount was $3000, one still has to pay that much money in taxes in order to qualify for the $3000. Its still a rotten system, nicht war? | |
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| | #7 |
| Member Join Date: Aug 2007
Posts: 30
My Car: 2007 Prius Model: Package: #6 Thanks: 0
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Friends: 1 | Ok.. Thanks guys.. I guess I won't know until I plug in all the information in turbotax.. |
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| | #8 |
| Member Join Date: Sep 2007 Location: New Jersey
Posts: 47
My Car: 2008 Prius Model: Package: #6 Thanks: 0
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Friends: 0 | The chart on the IRS website only states 2007 models. Does anyone know for sure if 2008 models recieved before the Sept. 30 cutoff will be applicable? |
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