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03-08-2007, 08:04 PM
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Has anyone ever applied for a credit on their taxes? * The IRS has an Alternative Motor Vehicle Credit this year for purchases after 12-31-2005. *Anyone tried claiming this? Alternative Fuel Vehicle Credit Eligibility requirements: - You must purchase the vehicle after 2005. - You must use the vehicle primarily in the United States. - You must be the original owner of the vehicle. Used vehicles do not qualify. - You may take this credit even if you used the vehicle for business. To claim this credit, refer to your original purchase records for the vehicle. These records should show the purchase date, year, make, and model of the vehicle, and whether it was new or used. You do not need to submit the purchase records with your tax return. The amount of the credit depends on the specific model and is based on the vehicle's fuel efficiency. ______________________________________ It's from meeting new people and listening to new ideas that opportunities present themselves. See how I help people by clicking below: http://www.livingbalancesheet.net/fl...ies6_webhi.htm  |
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03-08-2007, 09:40 PM
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If this is the code I'm thinking about, only certain vehicles qualify. Have a care and double check to be sure your vehicle, bike or car, is on the list. --Wag-- ______________________________________
"Morality is doing what is right no matter what you are told. Religion is doing what you are told no matter what is right. " -- Unknown
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03-09-2007, 10:05 AM
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"Alternative Fuel Vehicle Credit" Key words underlined and in bold. I'm betting Hybrids. ______________________________________
03 AE 2006 PMRA Street E/T Champion 2007 PMRA Street E/T Champion Pipe and stock arm Fat Old man 9.90 @ 139.16 Room for improvement! A bit longer and a bit of motor work 9.36 @ 147.39 |
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03-09-2007, 10:09 AM
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Yeah, I thought this was for flex fuel and hybrid cars.
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Greg  "Obstacles are those frightful things you can see when you take your eyes off your goal." - Henry Ford  |
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03-09-2007, 10:51 PM
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I don't think hybrids qualify. 100% Electric, hydrogen or natural gas, I believe, are all that qualify. --Wag-- ______________________________________
"Morality is doing what is right no matter what you are told. Religion is doing what you are told no matter what is right. " -- Unknown
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03-10-2007, 07:44 AM
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<div> (Wag @ Mar. 09 2007,21:51)</div><div id="QUOTEHEAD">QUOTE</div><div id="QUOTE">I don't think hybrids qualify. *100% Electric, hydrogen or natural gas, I believe, are all that qualify. --Wag--</div> It looks like Hybrids, 100% electric, and Alternative fuel vehicles have now been divided up. Here are some details. Link ______________________________________
03 AE 2006 PMRA Street E/T Champion 2007 PMRA Street E/T Champion Pipe and stock arm Fat Old man 9.90 @ 139.16 Room for improvement! A bit longer and a bit of motor work 9.36 @ 147.39 |
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03-10-2007, 09:01 AM
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I was just about to suggest that hybrids will have their own designation. Good on ya! --Wag-- ______________________________________
"Morality is doing what is right no matter what you are told. Religion is doing what you are told no matter what is right. " -- Unknown
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03-12-2007, 03:42 AM
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So, based on my understanding, flex fuel vehicles don't count right?? Chris ______________________________________
Dedicated Husband and Father NRA Instructor, NC Concealed Carry Instructor Psychiatric Nurse, Hobbyist Extraordinaire Current 08 Gixxer 1k Former 01 Busa, DR-Z 400 (d/t back surgery) |
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