another little gift to the oil companies i suppose...
04 and 05 get 2K, 06 gets cut to 500, and then nothing after that...
so much for supporting enviromental protection
04 and 05 get 2K, 06 gets cut to 500, and then nothing after that...
so much for supporting enviromental protection
Under the Working Families Tax Relief Act of 2004, the deduction amount is limited to $2,000 for cars first put into use in 2004 and 2005. the deduction will be limited to $500 for vehicles placed in service in 2006, and no deduction will be allowed after that year.
Certain Toyota and Honda models qualify for the deduction:
Toyota Prius — Model Years 2001 through 2005
Honda Insight — Model Years 2000 through 2005
Honda Civic Hybrid — Model Years 2003 and 2005
Honda Accord Hybrid — Model Year 2005
Ford Escape Hybrid — Model Year 2005