2006 Tax Credit Forms

<div class='quotetop'>QUOTE(PLM @ Feb 2 2007, 11:55 AM) [snapback]384426[/snapback]</div>

I don't understand why this means that TT has no clue. I would prefer that the company take the time to properly program it into the update than rush it out the door. If you are getting a refund, mailing paper forms 2 weeks before filing electronically very likely won't put you ahead anyway.

 

<div class='quotetop'>QUOTE(PLM @ Feb 2 2007, 11:55 AM) [snapback]384426[/snapback]</div>

Thanks JIM!

 

<div class='quotetop'>QUOTE(osiris12 @ Feb 8 2007, 07:46 PM) [snapback]387183[/snapback]</div>

No problem. Now go get your refund & credit. Walker1

 

I'm gonna run with Turbo Tax...if I have to wait a couple of days, no problem.

 

what form do we use to get the NY state tax credit of $2000?
Isn't there also a credit on the sales tax on the hybrid cost ($3000 extra for the hybrid technology cost). I hear you take whatever your state sales tax is on the $3000 and you get that back too.

 

<div class='quotetop'>QUOTE(johnfried @ Feb 9 2007, 01:27 PM) [snapback]387682[/snapback]</div>

Actual sales tax you've paid, as Jim said, is deductible.

As for "$3000 extra for the hybrid technology cost," I don't know where you're getting that figure. There is nothing in the pricing of the car that explicitly calls out that dollar amount.

I doubt you'd ever be able to make a claim for any type of reimbursement of this so-called "hybrid premium."

There are the sales tax deduction item, the Federal tax credit, and perhaps a state credit depending on where you live. That's it.

 

<div class='quotetop'>QUOTE(johnfried @ Feb 9 2007, 01:27 PM) [snapback]387682[/snapback]</div>

Actual sales tax you've paid, as Jim said, is deductible.

As for "$3000 extra for the hybrid technology cost," I don't know where you're getting that figure. There is nothing in the pricing of the car that explicitly calls out that dollar amount.

I doubt you'd ever be able to make a claim for any type of reimbursement of this so-called "hybrid premium."

There are the sales tax deduction item, the Federal tax credit, and perhaps a state credit depending on where you live. That's it.

 

<div class='quotetop'>QUOTE(Rick Auricchio @ Feb 10 2007, 09:41 AM) [snapback]388070[/snapback]</div>

That is true only for residents of states that do not have personal income tax.

 

<div class='quotetop'>QUOTE(JimN @ Feb 10 2007, 06:06 PM) [snapback]388241[/snapback]</div>

Technically, you are right. However, I doubt that there are too many people around who can claim a bigger deduction for sales tax than for personal income tax. My answer was a follow up to a response offered by another poster to a question posed by a New York potential buyer. Knowing the level of New York income taxes, I stand by my original comment.

 

<div class='quotetop'>QUOTE(lchamp @ Feb 9 2007, 04:45 AM) [snapback]387373[/snapback]</div>

I did the online help with the TurboTax people this morning. I hope this person is wrong.

Selvaraj S K: Don, I am sorry to inform you that form 8910 will no longer supported by the Turbotax.
Don: thats not good. so what's plan B?
Selvaraj S K: Don, you cannot file form 8910 with Turbotax program.
Selvaraj S K: I apologize for the inconvenience caused to you.

 

<div class='quotetop'>QUOTE(forman @ Feb 11 2007, 07:23 AM) [snapback]388385[/snapback]</div>

Obviously that guy must not get paid enough to make a dumb statement like that. I had no problem doing that form with the TT program, and it computed the form correctly. But I did my taxes through another service though because TT's filing fees were too high for me, especially for state. The form is available. That guy should be fired.

I would suggest using a different online tax program.

 

<div class='quotetop'>QUOTE(JimN @ Feb 11 2007, 07:01 PM) [snapback]388621[/snapback]</div>

If you used TaAct did it also prepare the Form 6251 (AMT) and have the correct input into form 8910 for the Alternative Vehicle Credit.
I am currently trying to use TT and it doesn't seem to be doing it.

 

<div class='quotetop'>QUOTE(prius biker @ Feb 13 2007, 04:54 PM) [snapback]389752[/snapback]</div>

Yes, it did everything. I only had to follow the user friendly prompts and fill in the basic blanks. It cost me $7.95 to do my return.

 

<div class='quotetop'>QUOTE(Walker1 @ Feb 13 2007, 05:20 PM) [snapback]389774[/snapback]</div>

Thanks - I'm snowed in today (good excuse to stay home) so it's back to TaxAct.

Edit - late entry - Saturday 2/17 - E-filed with TaxAct today - it did everything that was promised - got my entire tax credit - Yeah!!!

 

FYI - TT has forms 8910 and 6251 available for download and filing. The software can complete a tax return now.

BTW - Lost $1600 of credit due to AMT.

 

<div class='quotetop'>QUOTE(prius biker @ Feb 14 2007, 11:44 AM) [snapback]390196[/snapback]</div>

I don't miss winter for 1 second. I'm from Connecticut and it was 83 degrees today in S. FL. (Please don't hate me for that statement). It's not meant to be a dig. I put up with snow & winter until age 39. I wanted to be in warm weather while I was still young enough to enjoy it. The weather in West Palm Beach is super all year 'round, except for the hurricanes. Then again, ice storms, blizzards, floods, and hurricane type windstorms aren't any better. Good luck with your refund. Mine will be here in about 4 more days. I e filed using direct deposit.