Hybrid Vehicle Tax Credits are often misrepresented at the dealership. Be informed and check the IRS website or call your tax professional before making any purchase. There are a limited number of each model that qualify so make sure your new car is one of them.
A tax credit is subtracted directly from the total amount of federal tax owed, thus reducing or even eliminating the taxpayer’s tax obligation. The tax credit for hybrid vehicles applies to vehicles purchased or placed in service on or after January 1, 2006.
The credit is only available to the original purchaser of a new, qualifying vehicle. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.
Hybrid vehicles have drive trains powered by both an internal combustion engine and a rechargeable battery. Many currently available hybrid vehicles may qualify for the tax credit.
These models have been certified for the credit in the following amounts:
†† This credit amount does not phase out. The full amount of the altenative fuel vehicle credit would be available for vehicles purchased on or before December 31, 2010.
2009 Model Year Hybrid Vehicles
Make Model Credit Amount
Ford Escape Hybrid 2WD $3,000
Ford Escape Hybrid 4WD $1,950
Mercury Mariner Hybrid 2WD $3,000
Mercury Mariner Hybrid 4WD $1,950
Advanced Lean Burn Technology Vehicles
Purchasers of advanced lean burn technology motor vehicles may claim a credit of $1,300 per vehicle.
Make Model Credit Amount
Volkswagen 2009 Jetta –2.0L TDI Sedan manual and automatic $1,300
Volkswagen 2009 Sportwagen –2.0L TDI manual and automatic $1,300
Mercedes-Benz GL320BLUETEC $1,800
Mercedes-Benz R320 BLUE TEC $1,550
Mercedes-Benz ML320 BLUE TEC $900
Have Questions? Contact us at:
MB Tax Professionals, LLP
503.595.5890
www.MBtaxpro.com
Office@MBtaxpro.com
