Tax credit for Hybrid car purchase

Form 8910, which feeds line 55 of the 1040.

Are you sure? Without looking it up, I'm pretty sure the credit for Toyota Prius ran out many quarters ago (available credit depends on total manufacturers' output for a certain number of calendar quarters...)

-Mark Bole

My research associate, Mr. Google, took about 20 seconds to look up this informative page on the IRS web site:

It also tells us that you fill out form 8910, on which you compute the amount to put on line 55 of form 1040. If you use the car partly or entirely for business, you have to split the credit, using form 3800.

R's, John

Thanx for the link. Yes, it appears 25% of the credit is still available to this purchaser. Four months later and it would have been gone. I knew it phased out somewhere in 2007! Most recently I saw a Ford Escape purchaser who easily still qualifies for the full credit.

Where can I hire this Mr. Google, and will he sign a non-disclosure agreement?

-Mark Bole