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Credit for 08 model?

Discussion in 'Prius Tax Credit Discussion' started by Tango23, Jan 25, 2008.

  1. Tango23

    Tango23 New Member

    Joined:
    Dec 20, 2007
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    Location:
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    Vehicle:
    2008 Prius
    I know this has been beat to death, but I was on the HR block site tonight guess how much we will be shelling out.

    I came across this,

    Tax - Hybrid Vehicle Tax Credit - H&R Block

    Since we bought in December it is saying that we will get 787.50 credit????

    I know it is not the official IRS site, but am I reading this correct?
     
    #1 Tango23, Jan 25, 2008
  2. firepa63

    firepa63 Former Prius Owner

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    That is incorrect information for a tax credit on the Prius. You had to take delivery of the Prius prior to the end of September 2007 to get a tax credit.
     
    #2 firepa63, Jan 25, 2008
  3. Tango23

    Tango23 New Member

    Joined:
    Dec 20, 2007
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    Location:
    AZ
    Vehicle:
    2008 Prius
    Yea, I was guessing it was a mistake, but thought I would at least pass it along, and check at the same time.

    Thanks for the reply

    T
     
    #3 Tango23, Jan 25, 2008
  4. Boo

    Boo Boola Boola Member

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    Flushing, NY
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    That's right, one is eligible for a hybrid credit for Toyota hybrids only if one took delivery by 9/30/07. Anyone taking delivery on a Toyota hybrid on or after 10/1/07 is not eligible for any hybrid credit. Here's the IRS webpage on the subject:

    Summary of the Credit for Qualified Hybrid Vehicles
     
    #4 Boo, Jan 25, 2008
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