Buy a Ford Escape Hybrid before 2006 and you can take a $2,000 deduction on your federal income taxes.
MATTHEW T. STALLBAUMERIf you buy a hybrid before 2006, you can take a $2,000 deduction on your federal income taxes. Basically, this deduction will reduce your federal taxable income by $2,000. For hybrids bought after Jan. 1, 2006, the recently enacted energy bill set up tax credits ? ranging from $250 to $3,400, depending on the vehicle's fuel economy. The credit would go toward your tax liability, the amount you owe before any withholdings.
More than 150 workshops, great deals from more than 200 exhibitors, off-stage demos, inspirational keynotes, and great food!LEARN MORE