Quote:
Originally Posted by ABMW
It started out at $1,800 in the first half of the year, but then switched to $900 in the later half. That is my understanding, at least, from the tax literature I've been able to locate.
I could be wrong, but I'm 99.9% sure it's $900.00 if you purchased after the middle part of the year.
It's a similar system with most hybrid and other eco-credits. Usually you only get the full benefit if you purchase early in the year.
Depending on your tax rate: an $1,800 deduction could be akin to giving you $900.00+
a $900.00 deduction would be akin to giving you a $450.00+ sum of money
Either way, it's a small credit and not the end of the world.
|
(1) It's a tax credit, not a deduction... you subtract the entire amount form the tax you pay, e.g., if the credit is $900, you pay $900 less in taxes, and
(2) The reduction happens based on the number of vehicles sold. BMW is far, far, far away from selling enough diesels for the tax credit deduction to kick-in yet. If it has been reduced from $1,800 to $900, it is not due to time or sales volume.