BerkeleyDude Posted April 19, 2006 Share Posted April 19, 2006 http://www.fueleconomy.gov/!Removed!/tax_hybrid_new.shtml 2006 Lexus RX400h 4WD $2,200* This is better than the one from 2005. Keep in mind that 2005 was a tax deduction. For 2006 it's a tax credit. Quote Link to comment Share on other sites More sharing options...
rocky2 Posted April 26, 2006 Share Posted April 26, 2006 http://www.fueleconomy.gov/!Removed!/tax_hybrid_new.shtml 2006 Lexus RX400h 4WD $2,200* This is better than the one from 2005. Keep in mind that 2005 was a tax deduction. For 2006 it's a tax credit. Keep in mind that the 2006 $2,200 tax credit is subject to AMT which the 2005 $2,000 deduction was not. Under AMT the $2,200 Tax Credit could be wiped out. Quote Link to comment Share on other sites More sharing options...
alaterreur Posted April 26, 2006 Share Posted April 26, 2006 http://www.fueleconomy.gov/!Removed!/tax_hybrid_new.shtml 2006 Lexus RX400h 4WD $2,200* This is better than the one from 2005. Keep in mind that 2005 was a tax deduction. For 2006 it's a tax credit. Keep in mind that the 2006 $2,200 tax credit is subject to AMT which the 2005 $2,000 deduction was not. Under AMT the $2,200 Tax Credit could be wiped out. I must be missing something... What does AMT mean...??? Quote Link to comment Share on other sites More sharing options...
LEXIRX330 Posted April 26, 2006 Share Posted April 26, 2006 http://www.fueleconomy.gov/!Removed!/tax_hybrid_new.shtml 2006 Lexus RX400h 4WD $2,200* This is better than the one from 2005. Keep in mind that 2005 was a tax deduction. For 2006 it's a tax credit. Keep in mind that the 2006 $2,200 tax credit is subject to AMT which the 2005 $2,000 deduction was not. Under AMT the $2,200 Tax Credit could be wiped out. I must be missing something... What does AMT mean...??? Alternative Minimum Tax Quote Link to comment Share on other sites More sharing options...
BadBrad Posted May 20, 2006 Share Posted May 20, 2006 Here is some language from the tax credit website that I like: "The vehicle is acquired for use or lease by the taxpayer, and not for resale." I like the lease part! Was under the impression that leasing would not qualify. :D Quote Link to comment Share on other sites More sharing options...
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