Poll: Are you getting the tax credit for your 2007 purchase?

abq sfr · 04-06-2008, 11:33 PM

I'm doing my 2007 taxes, looks like I am not getting the tax credit for my March 2007 Prius purchase. I'm bummed, and was wondering exactly how many people are actually getting this supposed tax credit for the 2007 tax year. I'm trying a poll for the first time...

Boo · 04-06-2008, 11:46 PM

Sorry to hear about you not getting the credit.

I got the full $1575 credit for my 2-13-07 purchase. I think it was because I wasn't subject to Alternative Minimum Tax in 2007.

But I'm not getting any economic stimulus rebate check either for myself or my daughter.

okiebutnotfrommuskogee · 04-07-2008, 12:01 AM

I escaped the alternative minimum tax and therefore got the full $1575.00 credit. Bought the Prius in February of 07

Jiipa · 04-07-2008, 12:06 AM

Sorry you didn't qualify for the credit.

I just made the cut-off, bought on Sept. 25th, so I got the $788 credit for my Prius.

Boo · 04-07-2008, 12:10 AM

Quote:

Originally Posted by Jiipa

I just made the cut-off, bought on Sept. 25th, so I got the $788 credit for my Prius.

Wow, Jiipa, you did good -- a 2008, full tax credit & Spectra Blue.

dogfriend · 04-07-2008, 07:02 AM

Got it. Spent it.

patsparks · 04-07-2008, 07:35 AM

Doh, I live in the wrong country.

Well I think it's the right country but no rebate.

Jiipa · 04-07-2008, 11:48 PM

Quote:

Originally Posted by Boo

Wow, Jiipa, you did good -- a 2008, full tax credit & Spectra Blue.

Thanks Tom ... Oh don't forget I also live in paradise.

Highly ImPriused · 04-10-2008, 02:58 PM

I clicked yes, but we "only" got a partial credit (actually most of it) for our purchase on 3/31/07 (nothing like sliding in just before the bell). Ended up with about $1,350 out of a possible of $1575. Didn't plan it exactly this way, but I think we timed it just right. Got the most we could have even if he we had been eligible for the $3,150 prior to 9/30/06. We have two kids so the child tax credit is figured into the calculation as well.

By the way, you don't have be subject to the AMT to get dinged. They make you calculate what you would pay under the AMT and your total credits and deductions can't bring you below that amount. That's why we didn't get the full amount. Never had to pay or even really consider the AMT before. We get by, but we're certainly not close to being considered wealthy (which the AMT had always implied to me previously).

sdp40f500 · 04-10-2008, 09:15 PM

Nope, ordered on September 15, delivered on Oct. 18. As the saying goes, close but no cigar!

Jim

View Poll Results: Did you receive the 2007 tax credit?
Yes I received the hybrid tax credit	24	58.54%
No but I wish I had!	17	41.46%
Voters: 41. You may not vote on this poll

04-06-2008, 11:33 PM	#1
abq sfr Senior Member Join Date: Mar 2007 Location: Albuquerque, NM Posts: 673 My Car: 2007 Prius Model: Package: #2 Thanks: 1 Thanked 0 Times in 0 Posts Friends: 1	Poll: Are you getting the tax credit for your 2007 purchase? I'm doing my 2007 taxes, looks like I am not getting the tax credit for my March 2007 Prius purchase. I'm bummed, and was wondering exactly how many people are actually getting this supposed tax credit for the 2007 tax year. I'm trying a poll for the first time...

04-06-2008, 11:46 PM	#2
Boo Boola Boola Member Join Date: Feb 2007 Location: New York, NY Posts: 4,295 My Car: 2007 Prius Model: Package: #2 Thanks: 167 Thanked 302 Times in 155 Posts Friends: 22	Re: Poll: Are you getting the tax credit for your 2007 purchase? Sorry to hear about you not getting the credit. I got the full $1575 credit for my 2-13-07 purchase. I think it was because I wasn't subject to Alternative Minimum Tax in 2007. But I'm not getting any economic stimulus rebate check either for myself or my daughter.

04-07-2008, 12:01 AM	#3
okiebutnotfrommuskogee Senior Member Join Date: Mar 2007 Location: Tulsa, OK Posts: 1,044 My Car: 2007 Prius Model: Package: #1 Thanks: 2 Thanked 5 Times in 5 Posts Friends: 2	Re: Poll: Are you getting the tax credit for your 2007 purchase? I escaped the alternative minimum tax and therefore got the full $1575.00 credit. Bought the Prius in February of 07

04-07-2008, 12:06 AM	#4
Jiipa MGySgt USMC (Ret) Join Date: Feb 2008 Location: Oahu, Hawaii Posts: 314 My Car: 2008 Prius Model: Package: #2 Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: Poll: Are you getting the tax credit for your 2007 purchase? Sorry you didn't qualify for the credit. I just made the cut-off, bought on Sept. 25th, so I got the $788 credit for my Prius.

04-07-2008, 07:02 AM	#6
dogfriend Human - Animal Hybrid Join Date: Feb 2007 Location: Carmichael, CA Posts: 4,967 My Car: 2007 Prius Model: Package: #6 Thanks: 288 Thanked 175 Times in 147 Posts Friends: 11	Re: Poll: Are you getting the tax credit for your 2007 purchase? Got it. Spent it.

04-07-2008, 07:35 AM	#7
patsparks An Aussie perspective Join Date: Jul 2007 Location: Adelaide South Australia Posts: 9,235 My Car: 2004 Prius Model: N/A Package: Base Thanks: 127 Thanked 184 Times in 142 Posts Friends: 33	Re: Poll: Are you getting the tax credit for your 2007 purchase? Doh, I live in the wrong country. Well I think it's the right country but no rebate.

04-10-2008, 02:58 PM	#9
Highly ImPriused Impressive Member Join Date: Mar 2007 Location: Western NY Posts: 233 My Car: 2007 Prius Model: Package: #1 Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: Poll: Are you getting the tax credit for your 2007 purchase? I clicked yes, but we "only" got a partial credit (actually most of it) for our purchase on 3/31/07 (nothing like sliding in just before the bell). Ended up with about $1,350 out of a possible of $1575. Didn't plan it exactly this way, but I think we timed it just right. Got the most we could have even if he we had been eligible for the $3,150 prior to 9/30/06. We have two kids so the child tax credit is figured into the calculation as well. By the way, you don't have be subject to the AMT to get dinged. They make you calculate what you would pay under the AMT and your total credits and deductions can't bring you below that amount. That's why we didn't get the full amount. Never had to pay or even really consider the AMT before. We get by, but we're certainly not close to being considered wealthy (which the AMT had always implied to me previously). __________________ The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. - George Bernard Shaw Last edited by Highly ImPriused; 04-10-2008 at 03:03 PM.

04-10-2008, 09:15 PM	#10
sdp40f500 Junior Member Join Date: Sep 2007 Location: Milwaukee, WI Posts: 27 My Car: 2008 Prius Model: Package: #2 Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: Poll: Are you getting the tax credit for your 2007 purchase? Nope, ordered on September 15, delivered on Oct. 18. As the saying goes, close but no cigar! Jim