1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Credit for 08 model?

Discussion in 'Prius Tax Credit Discussion' started by Tango23, Jan 25, 2008.

  1. Tango23

    Tango23 New Member

    Joined:
    Dec 20, 2007
    12
    0
    0
    Location:
    AZ
    Vehicle:
    2008 Prius
    I know this has been beat to death, but I was on the HR block site tonight guess how much we will be shelling out.

    I came across this,

    Tax - Hybrid Vehicle Tax Credit - H&R Block

    Since we bought in December it is saying that we will get 787.50 credit????

    I know it is not the official IRS site, but am I reading this correct?
     
    #1 Tango23, Jan 25, 2008
  2. firepa63

    firepa63 Former Prius Owner

    Joined:
    Jul 23, 2005
    1,761
    208
    0
    Vehicle:
    Other Hybrid
    Model:
    N/A
    That is incorrect information for a tax credit on the Prius. You had to take delivery of the Prius prior to the end of September 2007 to get a tax credit.
     
    #2 firepa63, Jan 25, 2008
  3. Tango23

    Tango23 New Member

    Joined:
    Dec 20, 2007
    12
    0
    0
    Location:
    AZ
    Vehicle:
    2008 Prius
    Yea, I was guessing it was a mistake, but thought I would at least pass it along, and check at the same time.

    Thanks for the reply

    T
     
    #3 Tango23, Jan 25, 2008
  4. Boo

    Boo Boola Boola Member

    Joined:
    Feb 13, 2007
    5,051
    485
    97
    Location:
    Flushing, NY
    Vehicle:
    2007 Prius
    Model:
    N/A
    That's right, one is eligible for a hybrid credit for Toyota hybrids only if one took delivery by 9/30/07. Anyone taking delivery on a Toyota hybrid on or after 10/1/07 is not eligible for any hybrid credit. Here's the IRS webpage on the subject:

    Summary of the Credit for Qualified Hybrid Vehicles
     
    #4 Boo, Jan 25, 2008
(You must log in or sign up to post here.)