While the tax credits for hybrid
cars have not been officially calculated by the IRS,
ACEE
has estimated what those credits should be by vehicle.
The tax credit for the Honda
Accord Hybrid is estimated to be $650.00. However,
recently Honda has offered an updated control
calibration for the Accord hybrid. If your hybrid Accord
offers control calibration, then your vehicle could
qualify for a $1300 tax credit.
Now only the first
60,000 Honda hybrid owners to file for the credit can
claim this credit. Congress capped the credits at
60,000 vehicles per manufacturer.
After the full credits
have been reached, the full credit will still be
available, but for only one more quarter. After this
quarter, the credit will drop 50% for two more quarters,
then 25% for two more quarters, and then it fully
expires.
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