Tax deductions for a hybrid car purchase
Federal tax deduction
Toyota Prius — Model Years 2001 - 2004
Honda Insight — Model Years 2000 - 2004
Honda Civic Hybrid — Model Years 2003 and 2004
Detailed description is here
Colorado Department of Revenue
2004 Toyota Prius:
`` Incremental price difference - $3,150
`` Tax Credit available $2,678
2004 Honda Insight (Automatic):
`` Incremental price difference - $5,070
`` Tax credit available $4,310
2004 Honda Insight (Manual 5-speed):
`` Incremental price difference - $5,070
`` Tax credit available $3,803
2004 Honda Civic Hybrid (Automatic):
`` Incremental price difference - $3,440
`` Tax credit available $2,580
2004 Honda Civic Hybrid (Manual 5-speed)
`` Incremental price difference - $3,240
`` Tax credit available $2,430
Detailed description is here
In addition, individual states offer incentives, rebates, or grant programs to encourage purchase and leasing of hybrid and low/zero emission vehicles.
posted by amit @ 3:56 AM
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