| For your vehicle to qualify, the following
requirements must also be met:
- You must purchase the vehicle new and for your own
use, not for resale.
- You must drive it mostly in the United States.
- The vehicle must meet all federal and state emissions
requirements.
- Government agencies, tax exempt organizations, and
foreign entities are not eligible.
Other requirements may also apply. If any of these conditions
change within 3 years of purchase, you may have to return
some of the money saved by the deduction. |
| If you bought your vehicle in a previous tax year, you
must fill out an amended tax return Form
1040X for that year to claim the deduction. |
| Hybrids placed in service after
December 31, 2005
will no longer be eligible for these deductions but may be
eligible for a federal income tax
credit. |
| Maybe. Some state and local governments also provide
incentives for alternative fuel vehicles, so you may want
to check with your state or local government. The U.S. Department
of Energy's list of State
& Federal Incentives & Laws may also have useful
information on state/local incentives.
Hybrids are not eligible for electric vehicle tax credits. |
Consumers
who placed new hybrids in service before 2006 may be eligible
for a "clean fuel" tax deduction of up to $2,000.
Lexus
RX 400h
