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?
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.
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
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
