Tuesday, April 11, 2006

Save Taxes, Gas — and the Earth

Posted By on Tue, Apr 11, 2006 at 4:00 AM

A letter from the National Transportation Research Center in Oak Ridge, Tennessee says the IRS has officially acknowledged the certification by Ford and Toyota that several of their 2005 and 2006 vehicles qualify for the hybrid tax credit enacted by the Energy Policy Act of 2005.

The web site www.fueleconomy.gov provides a list of Ford and Toyota hybrids that qualify for the credit, along with the official credit-dollar amount for each. It also provides estimates for Honda vehicles that are still awaiting IRS certification acknowledgement. It also provides official EPA fuel economy estimates for all hybrids, side-by-side comparison of hybrid models, and an explanation of how hybrids work.

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