Boardwalk Nissan

To help encourage the purchase of fuel efficient, hybrid electric vehicles, the Government has established federal tax credits for certain qualified hybrids. The 2010 Nissan Altima Hybrid qualifies for a $2,350 tax credit. How to qualify for the tax credit:

1. The Altima Hybrid must be new. Used Altima Hybrids do not qualify.
   
2. The Altima Hybrid must be purchased.
       a) The credit is only available to the original purchaser. If the vehicle is leased to a consumer, the leasing company may claim the credit, not the lessee.
   
3. The Altima Hybrid must be placed in service on or after January 1, 2006 and purchased on or before December 31, 2010.
   
4. The tax credit is claimed by the purchaser on their federal income tax return. The purchaser must retain appropriate documentation showing the purchase of the vehicle and the date of the delivery of the vehicle.
   
5. Benefit of the credit will be substantially reduced or eliminated if the purchaser is subject to the federal alternative minimum tax (AMT).

Credit amounts for other cars. For comparison only. Not all hybrids are listed.

The following hybrid tax credit amounts have been certified by the IRS.

Model Year	Make	Model	Credit Amount
2010	Nissan	Altima Hybrid	$2,350
2011	Nissan	LEAF	$12,500
2009	Chevrolet	Malibu Hybrid	$1,550
2009	Saturn	Aura Hybrid	$1,300
2010	Ford	Fusion Hybrid	$0*

 
* Toyota Motor Sales, Inc. (including Lexus) has already met its 60,000 unit threshold. Effective 10-1-07, Toyota and Lexus Hybrid vehicles do not qualify for the Federal Hybrid Vehicle Tax Credit.
* American Honda Motor Company, Inc. has already met its 60,000 unit threshold. Effective 1-1-08, Honda Hybrid vehicles do not qualify for the Federal Hybrid Vehicle Tax Credit.
* Ford Motor Corp. has already met its 60,000 unit threshold. Effective 4-1-09, Ford Hybrid vehicles qualify for reduced credit amounts, and after 4-1-10, the Fusion Hybrid no longer qualifies.
* The Nissan LEAF qualifies for a $7,500 federal tax credit, and California residents can qualify for a $5,000 state tax credit.

This summary does not constitute tax advice. All persons considering the use of this hybrid vehicle tax credit should consult with their own tax professional to determine the specific amount of benefit, if any, that they may be able to claim on their federal income tax returns. Your tax professional may also have information on possible state and local tax incentives that may be available to Hybrid vehicle owners. This information is based on the federal income tax law in effect January 2007, and may be changed, without notice, by later changes to the tax law or further action by the IRS.