IRS Lists Tax Breaks for 2007 Hybrid Purchases

WASHINGTON – Listed are the tax credits issued for hybrids purchased in 2007.

by Staff

February 29, 2008

2 min to read

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.

Topics:IRS Taxes Gasoline-Electric Hybrids Green Fleet

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