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Hybrids
purchased or placed into service after December 31, 2005
may be eligible for a federal income tax credit of up to
$3,400.
Credit amounts begin to phase out for a given manufacturer
once it has sold over 60,000 eligible vehicles.
Vehicle
Make & Model |
Full
Credit |
Phase
Out |
No Credit |
50% |
25% |
|
Chrysler |
Jan.
1, 2006 |
TBD |
TBD |
TBD |
2009
Chrysler Aspen Hybrid |
$2,200 |
-- |
-- |
-- |
2009
Dodge Durango Hybrid |
$2,200 |
-- |
-- |
-- |
2009 Model Year Hybrid Vehicles (March 19, 2009) |
|
Ford
Motor Company |
Jan.
1, 2006 |
Apr. 1 – Sep. 30, 2009 |
Oct. 1, 2009 – Mar. 31, 2010 |
Apr. 1, 2010 |
2009
Ford Escape Hybrid |
2WD |
$3,000 |
$1,500 |
$750 |
$0 |
4WD |
$1,950 |
$975 |
$487.50 |
$0 |
2008
Ford Escape Hybrid |
2WD |
$3,000 |
$1,500 |
$750 |
$0 |
4WD |
$2,200 |
$1,100 |
$550 |
$0 |
2005-07
Ford Escape Hybrid |
2WD |
$2,600 |
$1,300 |
$650 |
$0 |
4WD |
$1,950 |
$975 |
$487.50 |
$0 |
2010 Ford Fusion Hybrid |
$3,400 |
$1,700 |
$850 |
$0 |
2009
Mercury Mariner Hybrid |
2WD |
$3,000 |
$1,500 |
$750 |
$0 |
4WD |
$1,950 |
$975 |
$487.50 |
$0 |
2008
Mercury Mariner Hybrid |
2WD |
$3,000 |
$1,500 |
$750 |
$0 |
4WD |
$2,200 |
$1,100 |
$550 |
$0 |
2006-07
Mercury Mariner Hybrid |
4WD |
$1,950 |
$975 |
$487.50 |
$0 |
2010 Mercury Milan Hybrid |
$3,400 |
$1,700 |
$850 |
$0 |
|
|
General
Motors |
Jan.
1, 2006 |
TBD |
TBD |
TBD |
2009 Cadillac Escalade Hybrid |
2WD |
$2,200 |
-- |
-- |
-- |
AWD |
$1,800 |
-- |
-- |
-- |
2008 Chevrolet Malibu Hybrid |
$1,300 |
-- |
-- |
-- |
2009 Chevrolet Malibu Hybrid |
$1,550 |
-- |
-- |
-- |
2006-07
Chevrolet Silverado Hybrid |
2WD |
$250 |
-- |
-- |
-- |
4WD |
$650 |
-- |
-- |
-- |
2009
Chevrolet Silverado Hybrid
(2WD & 4WD) |
$2,200 |
-- |
-- |
-- |
2008-09 Chevrolet Tahoe Hybrid
(2WD & 4WD)
|
$2,200 |
-- |
-- |
-- |
2006-07
GMC Sierra Hybrid |
2WD |
$250 |
-- |
-- |
-- |
4WD |
$650 |
-- |
-- |
-- |
2009
GMC Sierra Hybrid (2WD & 4WD) |
$2,200 |
-- |
-- |
-- |
2008-09 GMC Yukon 1500 Hybrid
(2WD & 4WD) |
$2,200 |
-- |
-- |
-- |
2007-08
Saturn Aura Hybrid |
$1,300 |
-- |
-- |
-- |
2009
Saturn Aura Hybrid |
$1,550 |
-- |
-- |
-- |
2007
Saturn Vue Hybrid |
$650 |
-- |
-- |
-- |
2008-09
Saturn Vue Hybrid |
$1,550 |
-- |
-- |
-- |
GM’s 2008 Chevrolet and Saturn Certified As Qualified Hybrid Vehicles (Sep. 6, 2007)
2007
GM Hybrids Still Qualify for Tax Credit
(May 2, 2007)
2009 Model Year Hybrid Vehicles (March 19, 2009) |
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Honda hybrids purchased after December 31, 2008, are not eligible for this tax credit.
|
Honda |
Jan.
1, 2006 – Dec. 31, 2007 |
Jan. 1 – Jun. 30, 2008 |
July 1 – Dec. 31, 2008 |
Jan. 1, 2009 |
2005-06
Insight CVT |
$1,450 |
$725 |
$362.50 |
$0 |
2005
Accord Hybrid AT & Navi AT |
$650 |
$325 |
$162.50 |
$0 |
2006
Accord Hybrid AT & Navi AT (w/o updated
control calibration) |
$650 |
$325 |
$162.50 |
$0 |
2006-07
Accord Hybrid AT & Navi AT (w/
updated control calibration) |
$1,300 |
$650 |
$325 |
$0 |
2005
Civic Hybrid (SULEV) MT & CVT |
$1,700 |
$850 |
$425 |
$0 |
2006-09
Civic Hybrid CVT |
$2,100 |
$1,050 |
$525 |
$0 |
AT = automatic transmission; CVT = continuously
variable transmission; MT = manual transmission;
SULEV = Super Low Emission Vehicle emissions
rating.
2009 Model Year Hybrid Vehicles (March 19, 2009)
Honda Hybrid Begins Phase-Out on January 1 (Nov. 19, 2007)
Additional
Honda Vehicles Certified for Hybrid Tax Credits
(Nov. 22, 2006)
Seven
Honda Vehicles Certified for New Energy Tax
Credit (June 1, 2006) |
|
Mazda |
Jan.
1, 2006 |
TBD |
TBD |
TBD |
2009
Mazda Tribute Hybrid |
2WD |
$3,000 |
-- |
-- |
-- |
4WD |
$1,950 |
-- |
-- |
-- |
2008
Mazda Tribute Hybrid |
2WD |
$3,000 |
-- |
-- |
-- |
4WD |
$2,200 |
-- |
-- |
-- |
|
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Toyota hybrids purchased after September 30, 2007, are not eligible for this tax credit.
|
Toyota |
Jan.
1 – Sep. 30, 2006 |
Oct.
1, 2006 – Mar. 31, 2007 |
Apr.
1 – Sep. 30, 2007 |
Oct. 1, 2007 |
2005-08
Prius |
$3,150 |
$1,575 |
$787.50 |
$0 |
2006-08
Highlander Hybrid (2WD & 4WD) |
$2,600 |
$1,300 |
$650 |
$0 |
2006-08
Lexus RX400h (2WD & 4WD) |
$2,200 |
$1,100 |
$550 |
$0 |
2007-08
Camry Hybrid |
$2,600 |
$1,300 |
$650 |
$0 |
2007
Lexus GS 450h |
$1,550 |
$775 |
$387.50 |
$0 |
2008 Lexus LS 600h |
-- |
-- |
$450 |
$0 |
2008 Hybrids Certified As Tax Credit For Toyota and Lexus Comes to an End (Nov. 8, 2007)
Phase-Out of Credit for Toyota and Lexus Hybrids Continues With Reporting of First Quarter Sales (May 2, 2007) |
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Sources: Internal Revenue Service and vehicle manufacturers. (Updated May 5, 2009) |
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Additional Requirements |
Additional
Requirements view... |
Additional
Requirements hide... |
The following requirements must be met
to claim the credit:
- The original use of the vehicle commences with the
taxpayer.
- The vehicle is acquired for use or lease by the taxpayer,
and not for resale. (The credit is only available to the
original purchaser of a new, qualifying vehicle. If a
qualifying vehicle is leased to a consumer, the leasing
company may claim the credit.)
- The vehicle is used mostly in the United States.
- The vehicle must be placed in service by the taxpayer
after December 31, 2005 and must be purchased on or before
December 31, 2010.
- Click here
for more about the credit phase-out and ending date.
- Click here for
information on tax deductions for hybrids
placed into service before January 1, 2006.
Note: Prior to 2009, the hybrid vehicle credit could not be used to offset the alternative minimum tax (AMT). However, beginning in 2009, the credit can be applied against the AMT. |
Phase Out & Termination |
Phase Out
& Termination view... |
Phase
Out & Termination hide... |
The credit begins to phase out for vehicles
once the manufacturer sells a total of 60,000 eligible hybrid
and lean-burn vehicles starting from January 1, 2006.
IRS will announce when a manufacturer exceeds this sales
figure.
In addition to the phase out rules, any vehicle purchased
after December 31, 2010 will not be eligible for the credit. |
Claiming the Credit |
Claiming the Credit
view... |
Claiming
the Credit hide... |
Fill out Form
8910, Alternative Motor Vehicle Credit.
For hybrids acquired for personal use, report the credit
from Form
8910 on the appropriate line of your Form
1040, U.S. Individual Income Tax Return. |
Hybrids Purchased Before 2006 |
Hybrids Purchased Before
2006 view...
|
Hybrids Purchased Before
2006 hide... |
Hybrids purchased before 2006 are not eligible for the
new tax credit, but it may be eligible for a hybrid
vehicle tax deduction of up to $2,000. |
Other Tax Incentives |
Other Tax Incentives
view... |
Other Tax Incentives
hide... |
Some state and local governments also provide incentives
for hybrids. Check with your state or local government or
view the U.S. Department of Energy's list of State
& Federal Incentives & Laws.
Hybrids are not eligibe for electric vehicle tax credits. |
Additional Information |
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DISCLAIMER
The information on this page should not be viewed as
an official or legally binding document. Other requirements
or exceptions may apply. For more detailed information,
please consult an IRS tax representative and/or official
IRS publications. |
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