Car Culture, Money Matters

Tax Time – How to save your money!

April 14, 2011

The Nissan Leaf

It’s tax time! Most people dread this part of being a ‘grown-up’, however there’s always a silver lining … right? Tax season stinks, but for some the smell wasn’t too bad. Last year, those who purchased alternative fueled vehicles (a.k.a. hybrid); received quite a hefty return on investment. Thanks to President Bush and The Energy Policy Act of 2005, consumers were offered up to $3,400 as a tax credit for their purchase of an efficient hybrid car.  After December 31, 2010, this was no longer in effect. Ugh! Don’t fret … there’s something new to consider. Now, consumers can receive up to $7,500 tax credit for plug-in hybrids and electric cars. So, turn that frown upside down! For more information regarding tax benefits and cars check out this article. And just so you know … the Nissan Leaf and Chevrolet Volt are qualifiers! As always, let me know if you have any questions.

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