RX400h Posted March 24, 2006 Share Posted March 24, 2006 There seems to be precious little info about how to go about taking advantage of the $2000 tax credit in the CA tax filing. I even called the help line, only to be told the law isn't clear. When they attempted to transfer me to a more knowledgable person, the phone was never answered. Has any of you CA RX400h owners who bought in 05 finished your state taxes? I have heard from a tax preparer in the family (from out of state) that the federal credit goes away once houshold income gets beyond $100k or so. I use TaxCut software, which is very detailed in its explaination of many things - just not the low-emissions part. Quote Link to comment Share on other sites More sharing options...
raleedy Posted March 24, 2006 Share Posted March 24, 2006 http://www.hybridcars.com/incentives.html Quote Link to comment Share on other sites More sharing options...
RX400h Posted March 24, 2006 Author Share Posted March 24, 2006 http://www.hybridcars.com/incentives.html Thanks. Unfortunately, this doesn't present the details, either. I guess I'll keep calling until I find someone at the CFB who knows exactly what we need to do. Quote Link to comment Share on other sites More sharing options...
skyfish400h Posted March 24, 2006 Share Posted March 24, 2006 http://www.hybridcars.com/incentives.html Thanks. Unfortunately, this doesn't present the details, either. I guess I'll keep calling until I find someone at the CFB who knows exactly what we need to do. I purchased in 05 and I have not done my taxes yet so anything you find out and publish here would be welcomed by me. Quote Link to comment Share on other sites More sharing options...
RX400h Posted March 25, 2006 Author Share Posted March 25, 2006 Here's what I have so far: Use (in CA 540, column "B") the same amount you used in your Federal, Schedule A (itemized deductions) somewhere near line 36. The confusing part is line 36 - this is a summation, not an empty line. Anyway, you are able to claim $2000 as a deduction, both in Federal and State. Dave Quote Link to comment Share on other sites More sharing options...
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