February 29, 2008

IRS Lists Tax Breaks for 2007 Hybrid Purchases

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WASHINGTON – Here are the tax credits issued for hybrids purchased in 2007, according to the IRS:

• Chevrolet Silverado 2WD Hybrid Pickup Truck -- $250
• Chevrolet Silverado 4WD Hybrid Pickup Truck -- $650
• Ford Escape Hybrid 2WD -- $2,600
• Ford Escape Hybrid 4WD -- $1,950
• GMC Sierra 2WD Hybrid Pickup Truck -- $250
• GMC Sierra 4WD Hybrid Pickup Truck -- $650
• Honda Accord Hybrid AT -- $1,300
• Honda Accord Hybrid Navi AT -- $1,300
• Honda Civic Hybrid CVT -- $2,100
• Lexus* GS450h -- If bought by March 31: $775; if bought April 1-Sept. 30: $387.50
• Lexus* RX 400h 4WD -- If bought by March 31: $1,100; if bought April 1-Sept. 30: $550
• Lexus* RX 400h 2WD -- If bought by March 31: $1,100; if bought April 1-Sept. 30: $550
• Mercury Mariner Hybrid 4WD -- $1,950
• Nissan Altima Hybrid -- $2,350
• Saturn Aura -- $1,300
• Saturn Vue Green Line -- $650
• Toyota* Camry Hybrid -- If bought by March 31: $1,300; if bought April 1-Sept. 30: $650
• Toyota* Prius -- If bought by March 31: $1,575; if bought April 1-Sept. 30: $787.50
• Toyota* Highlander Hybrid 2WD -- If bought by March 31: $1,300; if bought April 1- Sept. 30: $650
• Toyota* Highlander Hybrid 4WD -- If bought by March 31: $1,300; if bought April 1-Sept. 30: $650 

* Credit for Toyota/Lexus vehicles is phased out after Sept. 30.

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