Hello to all,

I just wanted to mention that my dealer advised that I would be eligible for a $2k tax break for 2005 and a $500 tax break for year 2006. Total tax break = $2500. Sounds too good to be true! I had heard about the 2k but the second year $500.00 is a bonus if it is for real.

I don't know if this second year break is a Florida only deal or not. Does anyone have the real info on this?

Thanks,

Flatfoot

 

It's Federal.
More info is here: http://www.fueleconomy.gov/feg/tax_hybrid.shtml

Note that the $2000 is deducted from your adjusted gross income, so your actual cash benefit will a percentage of that, equivalent to your tax bracket (15%, 28%, 33%, etc.)