Hybrid Cars Tax Credit Confusing

The new rules: If you buy a new hybrid and put it on the road in 2006, you could be covered by a tax credit, not a deduction.

Published: 16-Jan-2006

Drivers who buy a new hybrid car or truck in 2006 might get an even better tax break. But be prepared for one tax-cutting headache.

A new tax credit for hybrids and other fuel-efficient vehicles took effect Jan. 1.

What's the credit? Well, the dollar amount depends on the model of the hybrid car or truck. And it could depend on how popular the hybrid is and when you plan to buy it.

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