Tuesday, August 09, 2005

Because I Kinda Want One

President Bush Signs Energy Bill Into Law.

If you were thinking about buying one of those Hybrid vehicles in the near future, I would advise to wait until at least January 1, 2006. Beginning on that day the tax savings incentive for purchasing a Hybrid vehicle increase significantly. If you buy one now, you receive a deduction in gross income, which is nice but if you wait until 2006, you get up to a $3,500 credit, which is a dollar for dollar reduction of your tax liability.

Pretty cool.