Good News For Diesel Buyers?
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From: Valley of the Sun, Arizona
2011 E550, 2013 GLK
Good News For Diesel Buyers?
Here's an excerpt about the new Energy Bill...
'At present, buyers get a $2,000 income-tax deduction for purchasing a hybrid, which combines an electric motor with an internal-combustion engine to save gas. The deduction was due to fall to $500 next year. A credit is more valuable than a deduction because it represents a dollar-for-dollar reduction in a buyer's tax bill.
The new energy legislation includes a bigger credit for hybrids that save the most fuel compared with 2002 models and those expected to conserve the most fuel over the life of the vehicle.
It also applies to the new generation of fuel-saving diesel cars that are expected in the next couple of years, Friedman says.'
'At present, buyers get a $2,000 income-tax deduction for purchasing a hybrid, which combines an electric motor with an internal-combustion engine to save gas. The deduction was due to fall to $500 next year. A credit is more valuable than a deduction because it represents a dollar-for-dollar reduction in a buyer's tax bill.
The new energy legislation includes a bigger credit for hybrids that save the most fuel compared with 2002 models and those expected to conserve the most fuel over the life of the vehicle.
It also applies to the new generation of fuel-saving diesel cars that are expected in the next couple of years, Friedman says.'
