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 additionally 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.

Shari L. Kantor CPA is a Sacramento CPA firm serving indviduals and businesses.
Shari L. Kantor CPA
4600 Northgate Blvd., Suite 145 Sacramento, CA 95834
Phone 916-437-1862 Fax 916-419-9947