Quote:
Originally Posted by spmd11
Hey all,
Just purchased a 2010 X5 35d recently and did some research on the Federal Tax credit.
1) Tax credit is $1,800 straight off your Federal Tax bill, regardless of AMT and itemized deductions total
2) This is good for all 2010 35d purchased before December 31, 2010
3) Go here for details: New Energy Tax Credit for Diesels
4) I'm assuming that this is NOT applicable to 2011 models. I'm not sure, but the Federal website does not mention 2011 models
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It might be good for 2011's. I vaguely recall that the credit is good for the first 60,000 of the model sold. Not even half way there, I suspect.