Buy hybrid cars soon — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
You still may be able to claim a higher credit for certain vehicles purchased before July 1. (IRS news release IR-2007-38) The IRS reduces the available “alternative motor vehicle credit” for energy-efficient hybrids in the calendar quarter after a car manufacturer sells 60,000 of its qualified vehicles. Toyota and Lexus hybrids have hit that magic number, reducing the credit this year.
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