American Honda Motor has received its ruling from the Internal Revenue Service on the allowable tax credits for its hybrid cars for the 2006 tax year, and it's good news for car buyers.

The 2006 Civic Hybrid (shown at right accepting its World Green Car award) gets the biggest boost, with a $2,100 tax credit, while the '06 Accord Hybrid and the automatic transmission '06 Insight are eligible for credits of $1,300 and $1,450, respectively.

Only the IRS and your tax accountant know for sure what tax credit you may be eligible for, so check it out before you sign on the dotted line for that new hybrid.

[Source: American Honda]

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