Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable.
The IRS Solution If You Cannot Pay Your Taxes
The Internal Revenue Service wants you to pay taxes on time. That being said, it understands this is not always possible and has created a program for such situations.
Dealing With Taxes If You Live and Work Outside The United States
If you live and work outside of the United States, I may have some very good news for you. Although Americans are taxes on their worldwide income, you may be able to claim a huge deduction.
Didnt File Anything with the IRS on April 15th?
The magic tax date of April 15th has passed. If you did not file a tax return or extension request, you need to consider the following.
IRS Issues Tax Credit Amount For Toyota Camry Hybrid
Prior to January 1, 2006, people purchasing hybrid vehicles were eligible to claim a significant tax deduction. Now they can claim a monstrously large tax credit.