IRS tinkers with vehicle credits. — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

IRS tinkers with vehicle credits.

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The IRS continues to “tune up” the list of vehicles eligible for the alternative motor vehicle credit. This credit has four components: (1) the alternative fuel motor vehicle credit, (2) the fuel-cell motor vehicle credit, (3) the lean-burn technology motor vehicle credit and (4) the hybrid motor vehicle credit. The hybrid vehicle credit—which is the component best-known to taxpayers—can be as high as $3,200. It includes consumer passenger vehicles and heavy-duty, industrial-use trucks and buses. If you qualify for 2007, claim the credit on Form 8910, Alternative Motor Vehicle Credit. Tip: Find the updated list of qualified vehicles at,,id=157632,00.html.

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