2007 Nissan Altima Hybrid Qualifies for Tax Credit
Need a car? The 2007 Nissan Altima Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle. If you want to get in on this tax credit, it's best to buy early. From IRS.gov:
"Taxpayers may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the manufacturer records its sale of the 60,000th vehicle. For the second and third calendar quarters after the quarter in which the 60,000th vehicle is sold, taxpayers may claim 50 percent of the credit. For the fourth and fifth calendar quarters, taxpayers may claim 25 percent of the credit. No credit is allowed after the fifth quarter." Got all that?
The credit amount for the hybrid vehicle certification of the 2007 Nissan Altima Hybrid is $2,350. Not to mention all the money you'll save on gas. Hybrids are neat-o. —MEGHANN MARCO
2007 Nissan Altima Certified as Qualified Hybrid Vehicle [IRS]
Post a comment
Comments:
So wait... how do you know what quarter they've sold their 60,000th vehicle?
Do the dealers have this info and are they be liable if they misinform you about the currently available tax credit?
Can you call up the IRS and ask what vehicle number they're on or when the 60,000th vehicle was sold?
Jimmy: I assume you're joking, but in case you're not, they are referring to the 5th quarter AFTER 60,000 cars are sold. There's the assumption that this will take over a year. Just like saying "It's been 5 quarters since the Patriots scored a touchdown." Obviously talking about 2 games.
alhypo: The IRS periodically puts out notices about this, with numbers of cards sold, like this one: http://www.irs.gov/newsroom/article/0%2C%2Cid=156044%2C00....
of course, is you pay the AMT, you get a $0 rebate on your hybrid...
They won't sell 60,000 of them--the Altima Hybrid is only available in the five CARB-adopting states. The rest of us are SOL.
I have a question: When would one reach the 'fifth quarter'?