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Tax credit for owning used Prius?

Discussion in 'Prius Tax Credit Discussion' started by asparatu, Dec 24, 2007.

  1. asparatu

    asparatu New Member

    Joined:
    Dec 24, 2007
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    Location:
    Portland, OR
    Vehicle:
    2005 Prius
    I was reading the irs web site and it said, in order for me to get the tax credit i had to be the orignal owner of the car?

    2. The original use of the vehicle must begin with the taxpayer claiming the credit.

    a. The credit may only be claimed by the original owner of a new, qualifying, hybrid vehicle and does not apply to a used hybrid vehicle.

    So, since, im not orignal owner, i can not get the tax credit?
    Im just little confused about this.

    Shane
     
    #1 asparatu, Dec 24, 2007
  2. a priori

    a priori Canonus Curiosus

    Joined:
    Aug 14, 2007
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    Location:
    Chicagoland (West)
    Vehicle:
    2010 Prius
    Model:
    V
    Now you've got me a bit confused.

    It seems you've correctly answered your own question: You are not the first buyer of a new hybrid vehicle. Because of this fact, you cannot make any claim for the tax credit.

    Is this what you were after?
     
    #2 a priori, Dec 24, 2007
  3. firepa63

    firepa63 Former Prius Owner

    Joined:
    Jul 23, 2005
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    Vehicle:
    Other Hybrid
    Model:
    N/A
    You cannot get a tax credit on any used hybrid vehicle.
     
    #3 firepa63, Dec 24, 2007
  4. asparatu

    asparatu New Member

    Joined:
    Dec 24, 2007
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    Location:
    Portland, OR
    Vehicle:
    2005 Prius
    yes.. that is what i was after... I should have bought a new one...
    thank you.:(
     
    #4 asparatu, Dec 29, 2007
  5. wfor1pilot

    wfor1pilot 1ltr. 164H.P.

    Joined:
    Dec 4, 2007
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    Location:
    Westchester, Ca.
    Vehicle:
    2008 Prius
    I just purchased my '08 prius yesterday. Is there still a tax credit? I was under the impression that they no longer gave the Tax credits? Also, were the tax credits issued on a state or federal level?

    Anyone help me here?

    Thanks,
    Davis
     
    #5 wfor1pilot, Dec 30, 2007
  6. firepa63

    firepa63 Former Prius Owner

    Joined:
    Jul 23, 2005
    1,761
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    Vehicle:
    Other Hybrid
    Model:
    N/A
    The Federal tax credit for the Prius is gone. You will have to check with your state to see if they have anything (some do, some don't).
     
    #6 firepa63, Dec 30, 2007
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