How to tell if Prius is in the 60,000 (for credit)

Discussion in 'Gen 2 Prius Main Forum' started by norbert, Feb 3, 2006.

  1. norbert

    norbert New Member

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    I have a 2005 Option 6, but I am considering selling it and buying a 2006 Option 8. The dealer called me and said it would be available in two weeks. I only want to buy it if it is in the first 60,000 sold for the year and thus qualifying for the tax credit. How will I know before hand if it qualifies?
     
    #1 norbert, Feb 3, 2006
  2. sunnysandiegan

    sunnysandiegan New Member

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    Anything purchased in the first two quarters of 2006 (hybrid only, obviously) will qualify for the full tax credit. The quarter AFTER hybrid #60,000 is sold still qualifies for the full credit. The phase out begins after that and those vehicles sold will get a reduced credit.
     
    #2 sunnysandiegan, Feb 3, 2006
  3. jeneric

    jeneric New Member

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    This spells it out pretty well.
     
    #3 jeneric, Feb 3, 2006
  4. Kiloran

    Kiloran New Member

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    Note that the credit will not reduce your tax liability below your AMT.
     
    #4 Kiloran, Feb 3, 2006
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