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now don't hold me to this, but I had a chance to skim the new energy bill that the House and Senate conferres agreed on. I'm not a tax lawyer, heavens knows, but it appears to enact a tax credit for buying a hybrid. The better the fuel economy of the hybrid, the greater the credit.
This appears to be a credit, not a deduction. A credit can be taken directly off your taxes, while a deduction simply reduces your tasable income.
Talk to your tax adviser; please don't rely on this posting to tell you what to do.
This appears to be a credit, not a deduction. A credit can be taken directly off your taxes, while a deduction simply reduces your tasable income.
Talk to your tax adviser; please don't rely on this posting to tell you what to do.