Prius buyers across the country are putting their purchases on hold until January to qualify for an expected bigger hybrid tax break in 2006, according to USA Today.
Although the actual amount of the tax credit hasn't been confirmed by the IRS, it's widely expected to be as much as $3,150. The size of the credit depends on the government fuel efficiency rating, and the 60 mpg (city) Prius should qualify for the maximum tax break. Less fuel-efficient hybrids receive smaller tax credits - Ford's Escape Hybrid 4WD model qualifies for an estimated $1,050, for example.
For more info on these and other energy-related tax incentives, check out the Tax Incentives Assistance Project website. Estimated tax incentives for qualifying vehicles are available from the American Council for an Energy-Efficient Economy, here.
Although the actual amount of the tax credit hasn't been confirmed by the IRS, it's widely expected to be as much as $3,150. The size of the credit depends on the government fuel efficiency rating, and the 60 mpg (city) Prius should qualify for the maximum tax break. Less fuel-efficient hybrids receive smaller tax credits - Ford's Escape Hybrid 4WD model qualifies for an estimated $1,050, for example.
For more info on these and other energy-related tax incentives, check out the Tax Incentives Assistance Project website. Estimated tax incentives for qualifying vehicles are available from the American Council for an Energy-Efficient Economy, here.
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