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Old 12-24-2011, 02:47 PM   #1 (permalink)
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Default Tax credit?

Does anyone know if a 2011 purchase of a CR-Z will qualify
for a u.s. federal income tax credit? Web link appreciated.
I turned up nothing with a quick search.
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Old 12-24-2011, 03:19 PM   #2 (permalink)
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No. Hybrid tax credit is not available any more. If you itemize, you may be able to add sales tax as a deduction.
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Old 12-24-2011, 03:49 PM   #3 (permalink)
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Thanks! Good tip, too.
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Old 12-24-2011, 07:44 PM   #4 (permalink)
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Yea, if the State Sales tax is still allowed as a deduction in general (usually always is for major purchases), all your state sales tax paid on all purchases are allowed. I use Quicken and split all transactions to capture sales tax paid on everything and deduct. At 8% here is WA state. Adds up. It seems to be up in the air each year. Not sure if it will apply to 2011.
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