Encouragement to drive a Hybrid The U.S. government has begun to offer tax breaks to those who purchase hybrid cars and trucks. Naturally this is being done to encourage people to buy the slightly more expensive vehicles, and to cut down on the U.S. foreign oil dependency. Not every car, however, qualifies...

If you purchase a new hybrid car after January 1, 2006, you can get a major tax credit for doing so. Alas, the tax credits applicable for Toyota hybrids are about to be cut in half. The government uses all types of methodology to modify our behavior. While many look for nefarious conspiracies and such,...

Federal tax breaks for purchasers of hybrid cars in the United States have started shrinking since fall. But according to the Internal Revenue Service, Nissan vehicles can continue to claim the Alternative Motor Vehicle Credit. The IRS’s quarterly review revealed that the Japanese automaker sold...

Toyota certain carries the banner when it comes to hybrid car sales. One has to wonder if it will continue now the Toyota and Lexus hybrids have lost all tax credits associated with their purchases. The Prius. If ever there has been a successful car launch, this is it. How popular is the odd little...

Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable. Conspiracy theorists often offer rather exotic arguments about how the government tries to control us. When it comes to taxes,...

On the eve of potentially sweeping reform to the foreclosure rules I have had some time to think about the $8,000 first time homebuyer tax credit that is part of the new economic stimulus package. First of all you have to give credit to President Obama who in a very short period of time actually got...

As a part of the Housing Assistance Tax Act Of 2008 (H.R. 3221) a refundable tax credit is available to first-time home buys up to $7,500. Generally speaking, the credit is the lesser of $7,500 or 10% of the home’s purchase price; he home must be a principal residence and purchased after April...