View Full Version : How do I get the tax credit for the 2006 Toyota Highlander Hybrid I purchased...


Sullycool
11-07-2007, 10:00 PM
...in January?
My tax preparer this year said I need to get the credit from the manufacturer(Toyota), but when I called a dealer they said that's not the case, that it's just something you fill in on the tax form... Confused.

jeff_6363632003
11-07-2007, 10:03 PM
Assuming you mean Jasnuary 2006 you will take a credit next year when you file your 2006 return due april 15, 2007. I am 97% sure that this credit is being phased out in 2006, meaning your credit will be only $500, NOT $2000. Thank our wonderful US Congress. Imagine phasing out a tax credit that encourages fuel use reduction.

~hello~nurse~
11-07-2007, 10:10 PM
If you had bought it in December you could file it this year but since you bought it in January you will have to wait until next year, but a tax preparer should be able to handle that for you when you tell them about the vehicle.