Quote:
Originally Posted by firstdown
If I'm correct a 1300 tax credit does not equal a 1300 saving on taxes. It is just an amount that you do not have to pay taxes on. So if you pay around 25% in taxes then you would save about $325.00 on your taxes. Can you claim that amount every year or just the year you purchase the car? It is a sales tool whish is misleading if I'm correct. Have you looked up the safty rating on these cars those hybird do not look like they provide very much protection in case of an accident.
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I am pretty sure it is a credit not a deduction as tuna said.
02-21-2007, 02:50 PM
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