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The Term of the Credit

Discussion in 'Prius Tax Credit Discussion' started by johnny51981, Dec 5, 2007.

  1. johnny51981

    johnny51981 New Member

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    OK, I just need a little bit of clarification. I bought my 2007 Prius in April, just after it was cut down to the $787. Do I get that credit every year that I own the vehicle, going forward, or is it just a one time credit?
     
    #1 johnny51981, Dec 5, 2007
  2. JimboK

    JimboK One owner, low mileage

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    The hybrid tax credit is a one-timer.
     
    #2 JimboK, Dec 5, 2007
  3. johnny51981

    johnny51981 New Member

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    Dang. Oh well. I'm still saving plenty.
     
    #3 johnny51981, Dec 9, 2007
  4. Freightbusters@aol.com

    [email protected] New Member

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    I dont pay taxs will I get a credit on a del June 07 Prius?

    Can I file and get a credit?
     
    #4 [email protected], Dec 11, 2007
  5. GlobalWarmer

    GlobalWarmer New Member

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    Shame on you for pursing the alimighty dollar at the expense of others.

    People who buy a Prius to get the tax credit are not true believers. In fact, buying one for the write-off makes them somewhat of a Leona Helmsley type person....

    "We don't pay taxes. Only the liittle people in gas guzzling cars pay taxes......."

    Stick a sock in it and pay your taxes. The government needs your money so that it can help others.

    :D
     
    #5 GlobalWarmer, Dec 17, 2007
  6. a priori

    a priori Canonus Curiosus

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    Yes, you can file. The form may even show a credit. Still, you will not receive any benefit unless you are actually paying taxes. In other words, the credit has value only as against an actual tax obligation.
     
    #6 a priori, Dec 17, 2007
  7. johnny51981

    johnny51981 New Member

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    I'm guessing this was a joke.

    But, I have wanted one since they were first released to further my greener efforts.
     
    #7 johnny51981, Dec 19, 2007
  8. Kidd

    Kidd New Member

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    No more tax credits for Prius was my understanding.
     
    #8 Kidd, Dec 19, 2007
  9. johnny51981

    johnny51981 New Member

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    If you purchased it before October (I believe) you will get some kind of tax credit. If after, you do not.
     
    #9 johnny51981, Dec 28, 2007
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