If you are employed and make at least $3,000 in earned income a check may be in your mailbox by May 2008.. Check the NEWS section or click here.

Beware of tax scams. Reports have been received from taxpayers that have been approached about receiving the Economic stimulus check early. Checks will not be mailed until May 2008 at the earliest. Don't be fooled by claims of earlier distribution of these checks.

**** Check the NEWS ****Only give to charitable organizations you know. Beware of frauds.********* Don't miss these ten common deductions, (1) Non Cash contributions, (2) New Points when refinancing, (3) Old Points on refinancing, (4) Health Insurance Premiums, (5) Educator Expenses, (6) Student Higher Education Expenses, (7) Clean Fuel Deduction, (8) Investment and Tax Expense, (9) Casualty Deductions and (10) Retirement Tax Credit..See us for details. **VERY IMPORTANT INFORMATION CONTAINED IN THE NEWS SECTION REGARDING THE 2007 FILING SEASON****CHECK OUT OUR NEW ONLINE APPOINTMENTS**

Home
Privacy Notice
What to bring
Quick Reference
Associations
News
Tax Relief Act
Standard Mileage
Hybrid Vehicle Credit
Social Security
Worksheets
Links to other sites
Contact IRS
Forms
2006 Tax Law changes

Did you purchase a Hybrid (Auto)?

If so, you may be eligible for the clean burning fuel deduction.

This deduction is available to the original owners of the following vehicles as published on the IRS website:

These models have been certified for the credit in the following amounts:

† This reflects a decrease in the credit amount as of Oct. 1, 2006, due to the  manufacturers meeting quarterly sales of 60,000 qualified hybrid cars — See Quarterly Sales, below.

†† This credit amount does not phase out. The full amount of the alternative fuel vehicle credit would be available for vehicles purchased on or before December 31, 2010.  

Eligible Vehicles

As of Dec. 14, 2006, the Internal Revenue Service had acknowledged the manufacturers’ certifications of the following qualified hybrid vehicles (arranged by model year) and credit amounts (additional vehicles may subsequently be acknowledged. Further acknowledgements will be included in a revised summary page): 

* Effective 10-1-06, Toyota and Lexus vehicles qualify for reduced credit amounts.

 

2008

 

 Make

 Model

 Credit Amount

 News Release #

 Ford

 Escape Hybrid 2WD

 $3,000

IR 2007-22, Jan. 31, 2007

Ford

Escape Hybrid 4WD

$2,220

IR 2007-22, Jan. 31, 2007

 Mercury

 Mariner Hybrid 2 WD

 $3,000

 IR 2007-22, Jan. 31, 2007

 Mercury

 Mariner Hybrid 4WD

 $2,200

 IR 2007-22, Jan. 31, 2007

2007

 

 

Make

Model

Credit Amount

News Release #

Chevrolet

Silverado 2WD Hybrid Pickup Truck

$  250

IR-2006-108, July 11, 2006

 

Chevrolet

Silverado 4WD Hybrid Pickup Truck

$  650

IR-2006-108, July 11, 2006

 

Ford

Escape Hybrid 2WD

$2,600

IR-2006-98, June 21, 2006

Ford

Escape Hybrid 4WD

$1,950

IR-2006-98, June 21, 2006

GMC

Sierra 2WD Hybrid Pickup Truck

$  250

IR-2006-108, July 11, 2006

GMC

Sierra 4WD Hybrid Pickup Truck

$  650

IR-2006-108, July 11, 2006

Honda

Accord AT

$1,300

IR 2006-183, Nov. 22, 2006

Honda

Accord Navi

$1,300

IR 2006-183, Nov. 22, 2006

Honda

Civic CVT

$2,100

IR 2006-183, Nov. 22, 2006

Lexus*

GS450h

Purchase Date

 

IR-2006–67, April 25, 2006    

1-1-06 / 9-30-06

$1,550

10-1-06 / 3-31-07

$   775

4-1-07 / 9-30-07

$   387.50

10-1-07

$       0

Lexus *

RX 400h 4WD

Purchase Date

 

IR-2006-154, Sept. 30, 2006

1-1-06 / 9-30-06

$2,200

10-1-06 / 3-31-07

$1,100

4-1-07 / 9-30-07

$   550

10-1-07

$       0

Lexus*

RX 400h 2WD

Purchase Date

 

IR-2006-154, Sept. 30, 2006

1-1-06 / 9-30-06

$2,200

10-1-06 / 3-31-07

$1,100

4-1-07 / 9-30-07

$   550

10-1-07

$       0

Mercury

Mariner Hybrid 4WD

$1,950

IR-2006-98, June 21, 2006

Saturn

Vue Green Line

$  650

IR-2006-110, July 11, 2006

 

Toyota*

Camry Hybrid

Purchase Date

 

IR-2006–67, April 25, 2006    

1-1-06 / 9-30-06

$2,600

10-1-06 / 3-31-07

$1,300

4-1-07 / 9-30-07

$   650

10-1-07

$       0

 

Toyota*

Prius

Purchase Date

 

IR-2006-154, Sept. 30, 2006

1-1-06 / 9-30-06

$3,150

10-1-06 / 3-31-07

$1,575

4-1-07 /9-30-07

$   787.50

10-1-07

$       0

 

Toyota*

Highlander Hybrid 2WD

Purchase Date

 

IR-2006-154, Sept. 30, 2006

1-1-06 / 9-30-06

$2,600

10-1-06 / 3-31-07

$1,300

4-1-07 / 9-30-07

$   650

10-1-07

$       0

 

Toyota*

Highlander Hybrid 4WD

Purchase Date

 

IR-2006-154, Sept. 30, 200

2006

Make

Model

Credit Amount

News Release #

Chevrolet

Silverado 2WD Hybrid Pickup Truck               

$  250

IR-2006-108, July 11. 2006            

Chevrolet

Silverado 4WD Hybrid Pickup Truck

$  650

IR-2006-108, July 11. 2006

Ford

Escape Hybrid 2WD Front Wheel Drive

$2,600

IR-2006-56, April 7, 2006

Ford

Escape Hybrid 4WD 

$1,950

IR-2006-56, April 7, 2006

GMC

Sierra 2WD Hybrid Pickup Truck

$  250

IR-2006-108, July 11. 2006

GMC

Sierra 4WD Hybrid Pickup Truck

$  650

IR-2006-108, July 11. 2006

Honda

Accord Hybrid AT w/updated calibration*

$1,300

$  650 - Vehicles without updated calibration   

IR-2006-86, June 1, 2006

Honda

Accord Hybrid Navi AT w/updated calibration*

$1,300

$  650 - Vehicles without updated calibration   

IR-2006-86, June 1, 2006

Honda

Civic Hybrid CVT

$2,100

IR-2006-86, June 1, 2006

Honda

Insight CVT

$1,450

IR-2006-86, June 1, 2006

Lexus*

RX400h 2WD

Purchase Date

 

IR-2006-57, April 7, 2006

1-1-06 / 9-30-06

$2,200

10-1-06 / 3-31-07

$1,100

4-1-07 / 9-30-07

$   550

10-1-07

$       0

Lexus*

RX400h 4WD

Purchase Date

 

IR-2006-57, April 7, 2006

1-1-06 / 9-30-06

$2,200

10-1-06 / 3-31-07

$1,100

4-1-07 / 9-30-07

$   550

10-1-07

$       0

Mercury

Mariner 4WD Hybrid

$1,950

IR-2006-56, April 7, 2006

 

Toyota*

Highlander 2 WD Hybrid

Purchase Date

 

IR-2006-57, April 7, 2006

1-1-06 / 9-30-06

$2,600

10-1-06 / 3-31-07

$1,300

4-1-07 / 9-30-07

$   650

10-1-07

$       0

 

Toyota*

Highlander 4WD Hybrid

Purchase Date

 

IR-2006-57, April 7, 2006

1-1-06 / 9-30-06

$2,600

10-1-06 / 3-31-07

$1,300

4-1-07 / 9-30-07

$   650

10-1-07

$       0

 

Toyota*

Prius

Purchase Date

 

IR-2006-57, April 7, 2006

1-1-06 / 9-30-06

$3,150

10-1-06 / 3-31-07

$1,575

4-1-07 / 9-30-07

$ 787.50

10-1-07

$       0

2005

 

Make  

Model

Credit Amount

News Release #

Ford 

Escape HEV 2WD  

$2,600                                

IR-2006-165, Oct. 20, 2006

Ford

Escape HEV 4WD

$1,950

IR-2006-165, Oct. 20, 2006

Honda

Accord Hybrid AT

$  650

IR-2006-86, June 1, 2006

Honda

Accord Hybrid Navi AT

$  650

IR-2006-86, June 1, 2006

Honda

Civic Hybrid  CVT

$1,700

IR-2006-86, June 1, 2006

Honda

Civic Hyrid MT

$1,700

IR-2006-86, June 1, 2006

Honda

Insight CVT

$1,450

IR-2006-86, June 1, 2006

 

Toyota*

Prius

Purchase Date

 

IR-2006-57, April 7, 2006

1-1-06 / 9-30-06

$3,150

10-1-06 / 3-31-07

$1,575

4-1-07 / 9-30-07

$ 787.50

10-1-07

$       0

 

Home ]

Send mail to wallss@aol.com with questions or comments about this web site.
Copyright © 2001 Centreville Tax Service
Last modified: 03/06/08