Honda Announces Tax Credits for Hybrids
TORRANCE, CA – Customers who purchase a new 2006 Honda hybrid vehicle on or after Jan. 1, 2006, may be eligible for federal tax credits ranging from $1,300 to $2,100 when they file their 2006 tax returns, according to American Honda Motor Co., Inc. The federal tax credits are as follows:Model Federal Tax Credit:2006 Civic Hybrid $2,100.2006 Accord Hybrid $1,300. (2006 Honda Accord Hybrids without updated control calibration qualify for a credit amount of $650.)2006 Insight — automatic transmission $1,450.Various limitations to the credit may apply, depending on the specific circumstances of the customer, and Honda is encouraging customers to contact the IRS or a tax advisor to determine if and how the tax credit will apply to their vehicle acquisition. Customers are also encouraged to contact the IRS at www.irs.gov for information on hybrid tax credit amounts applicable to Honda’s 2005-model year hybrids purchased during 2006.