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QUESTION DETAIL
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What tax credits are available for new hybrid cars?
ANSWER
The BIDaWIZ Team's Answer:
Hybrids purchased or placed into service after December 31, 2005 may be eligible for a federal income tax credit of up to $3,400. Credit amounts begin to phase out for a given manufacturer once it has sold over 60,000 eligible vehicles.
Vehicles purchased after December 31, 2010 are not eligible for this credit.
