Can the Hybrid tax credit be used for property tax???

Question

I am getting the tax credit from buying hybrid, and I am wondering if the tax credit can be apply to property tax on the house I own. Thanks!

Answer 1

Nope, it can only be applied againt your income tax.

Answer 2

Not automatically. You'll get the credit on your federal income tax, either as an increased refund or a decease in what you owe with your return. Once you have the money, you can send it for your property taxes.

Answer 3

You do comprehend that for the duration of a few unspecified time sooner or later this might all would desire to be paid for by making use of people who did not earnings from the concentrated tax credit, etc. huge government is meddling with the loose marketplace. I trust helping people who've lost their jobs. The Cobra earnings is very helpful to the older people who would desire to anticipate Medicare for a three hundred and sixty 5 days or 2 and lost their corporation supplied insurance. once you're managing deficits in the trillions, does $282 billion divided between 3 hundred million people honestly help that many people? i know people at artwork who've taken benefit of a number of those bargains and that they are greater advantageous than happy approximately it. maximum anybody is in simple terms nevertheless working and feeling the burden of doing greater for the comparable volume and that quantity does not purchase as much because it used to. we want some huge judgements right here. Drill for oil. build some nuclear flowers. Incentives for clean production centers. agencies want working capital. issues are actually not to any extent further balanced. i don't blame Obama for all of that. The Tea occasion circulate honestly began whilst Bush became president. i've got faith it might nevertheless have formed if McCain might have won the election. The wellbeing care expenditures intensified it as did the TARP and stimulus expenditures, The unheard of spending by making use of our government. anybody is in simple terms ill of their government not offering rules that create some long term era stability for our economic gadget. in fact, Obama isn't the objective. this may not circulate away whilst somebody else is president.

Answer 4

Income tax credit only; Federal not local

Answer 5

I think you will have to get the credit and then pay it on your houses tax separately.