Hybrid Tax Credit 2010
May 23rd, 2009
Question: What are the details on the Ford tax credit?
Does anyone know what is going on with the tax credit being offered by the Feds for Ford? I met with 4 dealers over the week looking to by the 2010 Ford Fusion hybrid; the dealers are claiming the vehicles are at least two weeks out. One of the dealers confirmed that they had sold one 2010 Fusion to the City Mayor. But I see a timing issue with the end date on the tax credit and the date in which the vehicles will actually be available. Am I the only one seeing this or do I just not have a good understanding on how the credit is applied? Any insight on this would be much appreciated.
Ford Tax Credit Info can be found here:
http://www.fordvehicles.com/features/news/detail/index.asp?id=1714
Answer: If you purchase a qualified hybrid vehicle during 2009, you will be able to take a credit on your 2009 taxes. Honda and Toyota no longer have the credit because they have sold too many vehicles since the beginning of the credit. Talk to a tax advisor for the exact amount that you will be able to take next year.
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