My Prius is to arrive in a couple weeks, but, in the meantime, I happened to find the actual IRS form 8910 used to calculate the credit. To my great dismay, it looks absolutely clear that I along with many others (particularly those with kids) will get very little if any benefit from this credit. The form states that: "Although you may not owe alternative minimum tax (AMT), you must still figure the tentative minimum tax (TMT) to figure your credit." The hybrid credit cannot result in your taxes falling below the TMT. Toyota and many people on this forum seem to believe that (quoting Toyota): "The benefit of the hybrid vehicle tax credit will also be substantially reduced or eliminated if the individual purchaser is subject to the federal alternative minimum tax (AMT)." The tax form clearly states that you will be hit by this even if you are not subject to the tax. We don't come close to needing to pay the AMT, but our TMT is such that we would get absolutely nothing from the credit. If we weren't using an education credit, we could get about $1300. If we had no kids we would get almost the full benefit. I wish I were misreading this, but I cannot see any other interpretation. I am now considering trying to get my $500 deposit back (maybe based on Toyota's misleading statement). Has anyone with kids actually received this credit already? Good Luck to the rest of you with this!