Tax Break?

Discussion in 'Gen III 2010+ Prius Main Forum' started by djlen, Nov 19, 2011.

  1. djlen

    djlen Junior Member

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    Your Vehicle Year:
    2011 Prius
    Model:
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    Just bought a 2011 Prius and never thought to ask till now. Do they give a tax break when one buys a Prius? :)
     
  2. F8L

    F8L Protecting Habitat & AG Lands

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    Not anymore. Some insurance companies offer a break on rates.
     
  3. car compulsive

    car compulsive Active Member

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    Your Vehicle Year:
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    You get a break on gasoline tax because you'll be buying less of it.
     
  4. JimboPalmer

    JimboPalmer Nadir of Wrongness

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    New Jersey Turnpike Hybrid HOV: Governor Jon S. Corzine and The New Jersey Turnpike Authority announced on 04/27/06 that the New Jersey Turnpike Authority will be allowing Hybrid vehicles to travel in the Turnpike’s High Occupancy Vehicle (HOV) lanes. HOV lanes are located on the Turnpike north- and south-bound between Interchange 11 in Woodbridge and Interchange 14 in Newark and operate on weekdays from 6 a.m. to 9 a.m. northbound and 4 p.m. to 7 p.m. southbound. Vehicles eligible for the exemption include the Ford Escape Hybrid, Mazda Tribute Hybrid, Toyota Prius, Toyota Highlander Hybrid, Honda Insight, Honda Civic Hybrid, Honda Accord Hybrid, and Lexus RX 400h. More information is available on the New Jersey Turnpike website.
     
  5. cwerdna

    cwerdna Senior Member

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    Federal tax credits for Toyota non-EVs and non-plugin hybrids ended September 30, 2007 per Federal Tax Credits for Hybrids and for all hybrids 12/31/10.
     
  6. djlen

    djlen Junior Member

    Joined:
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    Your Vehicle Year:
    2011 Prius
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    Two
    Just my luck......almost exactly one year too late. I'll just have to content myself with getting about 3 times the mileage that I was getting with the gas hog I've been driving.
     
  7. cwerdna

    cwerdna Senior Member

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    For the Federal tax credit, you're more than 4 years too late. Toyota sells the most qualifying hybrids (clock started counting 1/1/06) and thus reached their phaseout period first. The phaseout period then cut the tax credit in by halves, over time and became after September 30, 2007.

    I got mine in January 06 and thus got the full $3150 tax credit.