The Federal Tax Credits Blog

Archive for the ‘Car Tax Credits’ Category

Question: Which non profit org. would need my electric cart most?

i bought 2 of these for tax credit:

http://www.freeelectriccar.com/?gclid=CIX07MGX5J4CFSWlagod7C74Iw

so i basicly got them free,

i got no need for them so i want to donate them to a non-profit
what type of organization would need such a vehicle most?

Answer: I’d look into a “wounded warriors” or similar org that assists our returning servicemen. I had some durable medical equipment that I was able to donate to a local VA office and they were very pleased to be able to provide it to veterans.

New Laws Effective January 1, 2010

The following legislation will take effect beginning Jan. 1, 2010.

Electric Car Tax Credits Approved

Creating New Jobs by Investing in High-Speed Rail

Glenn Beck 20091230 Part 4/5

Question: Can I get tax credit for Hybrid car bought in 2007?

I bought a 2007 Toyota Prius in mid Oct 2007. I had not claimed for the tax credit and I had only filed with standard deductions(not itemized). I believe the tax credit was for about $1500. Can I claim this now and if so do I have to re-file with itemized deductions?

Thanks in advance.
Correction: I bought a 2007 Toyota Prius in mid Oct 2006. I had not claimed for the tax credit and I had only filed with standard deductions(not itemized). I believe the tax credit was for about $1500. Can I claim this now and if so do I have to re-file with itemized deductions?

Thanks in advance
More info from IRS

http://www.irs.gov/newsroom/article/0,,id=163103,00.html

Answer: The toyota prius credit expired 9/30/2007. Cars bought in October were out of luck.

There is nothing left for you to claim.

Kicking gas

Kingfield company is the first in the state and among a handful nationwide focused on plug-in conversions for hybrid cars. About five years ago, Shayna Berkowitz made a commitment to never again buy a vehicle powered by an internal combustion engine.

PRIME TIME FOR RAV4 & PRIUS BUYERS AT BILL PENNEY TOYOTA!

Question: Is Pres. Obama and Dick Durbin teaming up to have americans buy new cars?

http://www.ksdk.com/news/local/story.aspx?storyid=176392

June 1, 2009 — CARBONDALE, IL – Consumers will receive vouchers from the federal government to help purchase new, more fuel-efficient cars and older cars that damage the environment will be taken off the roads if legislation to establish the “Cash for Clunkers” program is approved by Congress, U.S. Senator Dick Durbin (D-IL) said today. While discussing this effort to stimulate new car sales, Durbin promoted the tax credits made available through the American Recovery and Reinvestment Act for first-time home buyers.

http://www.allamericanpatriots.com/48752911-senator-dick-durbin-discusses-cash-for-clunkers-legislation-that-will-help-stimu

Is this another deficit busting program put together by the democrats?

Answer: Yes, and what will they go for next? Jay Leno’s old car collection? my old 84 chevy diesel, that runs good, but will be declared a clunker and not allowed on the road? Junk yards will be busy.

What will the G8 and G20 achieve?

World leaders have gathered in Canada for the G8 and G20 meetings. What should be the priorities?

How To Make Home Energy Efficient