At this time of the year, none of the dealerships have any 2006 models left so i have thought of buying a 2007 model. Can i get a tax break for the next filing period in march 2007 or i will get on for March 2008 year? I went to a website which lists something about this but did not make a whole lot of sense to me. You can refer to it. http://www.bankrate.com/brm/itax/tips/20030219a1.asp?caret=14 Thanks
2006-12-04 03:22:20 · 4 answers · asked by Praful G 1 in Business & Finance ➔ Taxes ➔ United States
The hybrid car tax credit is 1,575 for this model for the current quarter. You can take it for 2006 if you buy it by yearend. Otherwise you take it for 2007 tax year. These credits change every calendar quarter based on sales and are very confusing. Your car dealer will know for sure - if you can trust him.
2006-12-04 03:51:12 · answer #1 · answered by spicertax 5 · 1⤊ 0⤋
the 2006 kind change into recalled, yet fairly Toyota had the most recollects of any producer, spoke of with the aid of Ford. A PZEV (partial 0 emessions motor vehicle), like the Prius does get a tax-smash. contained in the destiny its no longer nicely worth it because it would want to take the uncomplicated driving force two decades to interrupt regardless of the money they kept on gas, no longer which incorporates the alternative parts no longer lined with the aid of the guaranty
2016-11-23 16:09:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
well that depend how much income tax does yourself owes
after buying this 2007 Toyota fees includes licensence, manufactor's warrenty, shipping & handeling insurance plus
reggistration upon Department of Motor Vehicle Tags those
are important were all totaled up make sure see http://www.2007toyotapricebook.com
2006-12-04 03:40:23 · answer #3 · answered by toddk57@sbcglobal.net 6 · 0⤊ 1⤋
Read http://www.irs.gov/newsroom/article/0,,id=153397,00.html for more info.
2006-12-04 13:53:47 · answer #4 · answered by Judy 7 · 0⤊ 0⤋