The IRS has qualified the 2008 Mazda Tribute Hybrid as being eligible for $3,000 in tax credits. The four-wheel drive has qualified for $2,200 in tax credits for eligible consumers.
The Mazda Tribute is based on the Ford Escape and Mercury Mariner SUVs. As such, its surprising that it took so long for the Tribute to get its own hybrid version since the Escape hybrid has been out for three years. Both the Escape and Mariner hybrids qualified for the same amount of tax credits.
If you're interested in buying a hybrid, you should look into the federal tax credits for hybrid cars. Not everyone will qualify under the guidelines put forth by the IRS. Your AMT and the automakers phaseout period can have a profound affect on how much you can save come tax time. See the category on hybrid cars federal tax credit for more information.
Monday, July 09, 2007
Mazda Tribute Hybrid Federal Tax Credit
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1 comment:
I believe the regulations for those willing to buy qualifying vehicles are too strict but nonetheless quite reasonable. Especially as there deals are beneficial for the buyers.
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