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November 29, 2005
Car Buyer's Notebook Podcast #114: Hybrid Tax Incentive Confusion
This podcast investigates a tricky question -- the matter of exactly how much the tax credits for hybrids will be in 2006. While you may have heard or read estimates about the actual dollar amount, the fact is the IRS has yet to publish official rates for individual vehicles.
We interviewed Mark Steber, Vice President of Tax Resouces for Jackson Hewitt, who explained the difference between a tax deduction and tax credit, and why consumers may want to check in with a tax advisor before making a purchasing decision.
By the way, there is an estimate of 2006 tax credit for hybrids from the American Council for an Energy Efficient Economy, which you can find at this page.
To listen to today's show, click here to play it directly on your computer.
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Posted by Frank at November 29, 2005 11:38 PM | Filed under Alternative Fuels
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