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American Honda Motor Co., Inc. recently announced that customers who purchase a 2006 Honda hybrid vehicle on or after Jan. 1, may be eligible for federal tax credits ranging from $1,300 to $2,100 when they file their 2006 tax returns. The announcement is the result of a ruling by the Internal Revenue Service (IRS), which calculated the tax credits based on the Energy Policy Act of 2005, passed by Congress last year. Honda’s 2006 Civic Hybrid, Accord Hybrid and Insight with automatic transmission are eligible for the tax credits.
Various limitations to the credit may apply, depending on the specific circumstances of the customer, and Honda is encouraging customers to contact the IRS or a tax advisor to determine if and how the tax credit will apply to their vehicle acquisition. Customers are also encouraged to contact the IRS at www.irs.gov for information on hybrid tax credit amounts applicable to Honda’s 2005 model year hybrids purchased during 2006.
For more information, visit www.honda.com. |
