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Hybrid-car tax credit.(Your Letters)(Letter to the editor)

Consumer Reports

| July 01, 2007 | Kahn, Lawrence S. | COPYRIGHT 2007 Consumers Union of the United States, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Imagine my surprise when I discovered upon completing my taxes that my tax credit for purchasing a hybrid Toyota Camry this past year was exactly zero rather than the $2,600 I had expected. Why? The credit is not available to most hybrid car purchasers who are subject to the alternative minimum tax (AMT). However, no one makes consumers aware before they purchase the cars that the credit is unavailable to those paying ...

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