It seems that being a good steward of the environment these days pays dividends. The government has created several tax credits for buying vehicles that run on things like ethanol alternative fuel and electricity. There is more than one alternative fuel tax credit, and depending on the vehicle and fuel you choose, there are a number of tax credits you may qualify for according to the alternative fuels index. Below, we'll look at how each alternative fuel tax credit looks and how you can qualify. Clean Diesel Tax Credit This credit can be earned by people that buy models that qualify for the advanced lean burn technology motor vehicle category. Fuel Cell Motor Vehicle Credit This tax credit of $8,000 goes to people that purchase a light duty fuel cell vehicle. The vehicle must meet Bin 5 Tier II emissions levels. Alternative Fuel Tax Credit The alternative fuel tax credit is $4,000 and can be claimed by people that own vehicles that are able to operate on the following alternative fuels as stated by the alternative fuels index: Ethanol alternative fuel Compressed natural gas Liquefied natural gas Hydrogen Liquid that is at least 85 percent ethanol To claim these tax credits, the purchaser of the vehicle must download and complete IRS form 8910. There are also other credits available for alternative fuel equipment. To claim that credit the purchaser of the equipment must complete IRS form 8911. If unsure about any of the above tax credits, speak to a tax professional.
"Hi! I, Michael Stern, a.k.a. Mr.Bionomic,
chief editor of BionomicFuel.com welcome you at our website, an informational web portal
to the world of green energy, renewable fuel and alternative investment options.
Browse our website to learn everything you wanted to know about
the world of green energy.
Where did you got this much info on your blog from?? Also can i take the initiave to take the feeds from your blog for my yoga website?? But cant find the RSS feeds link here!!
August 23rd, 2010 at 5:37 pm