Keyword Analysis & Research: rav4 prime federal tax credit

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Frequently Asked Questions

Which vehicles qualify for tax credit?

The types of vehicles that qualify for a vehicle tax credit are hybrids, electric powered and alternative fuel vehicles. These types of cars will qualify for an alternative vehicle tax credit. The IRS and the car’s manufacturer determine the amount of credit that the owner of one of these vehicles receives. Qualifying for the Tax Credit.

What is a hybrid tax credit?

Hybrid Vehicle Tax Credit. The hybrid vehicle is one of five types of alternative motor vehicles identified by the Internal Revenue Service for tax credits. The qualified hybrid vehicle tax credit, which originally allowed taxpayers to deduct up to $7,500, is available to taxpayers who purchase a new qualifying hybrid vehicle.

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