Sacramento CPA, Tax, Accounting, Bookkeeping
Sacramento Tax Credit Update
Hybrid Cars - Some Credits to Disappear
Gasoline prices continue to rise at an unprecedented rate. Consequentially, hybrid vehicle sales increase just as rapidly. Tax credits help cut the cost, but the credits' days are numbered.
Tax Credits Limited
If your tax bill is low, the credits can only reduce at a most to zero. The extra credit you could potentially have recieved is then lost. Also, your credit can be additionially lost if you come across the Alternative Minimum Tax.
Before you buy a new hybrid vehicle, give us a call at our Sacramento office - we can discuss your situation and we may be able to determine whether the tax credit is available to you.