Deduction For Hybrid Vehicles

If you are the original owner of a qualifying hybrid vehicle — one that combines an electric motor with a gasoline-powered engine — you may be eligible to claim a one-time tax deduction on your federal income tax return.

The deduction amount is limited to $2,000 for cars first put into use in 2005.

These vehicles qualify for the deduction:
• Ford Escape Hybrid — Model Year 2006
• Mercury Mariner Hybrid — Model Year 2006
• Lexus RX 400h — Model Year 2006
• Ford Escape Hybrid — Model Year 2005
• Toyota Prius — Model Years 2001 through 2006
• Toyota Highlander Hybrid — Model Year 2006
• Honda Insight — Model Years 2000 through 2005
• Honda Civic Hybrid — Model Years 2003 through 2005
• Honda Accord Hybrid — Model Year 2005continued