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New employee perk: subsidized eco-car purchase

by on
in Small Business Tax,Small Business Tax Deduction Strategies

Last month, California software firm Hyperion began offering its employees $5,000 toward the purchase of gas/electric hybrid vehicles, such as the Toyota Prius or Honda Insight. The 1,500-employee company budgeted $1 million in 2005 for the program. The IRS already offers a federal tax deduction of up to $2,000 to hybrid buyers.

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