More Cars Certified for
Clean-Burning Fuel Deduction

If a taxpayer buys a certified clean burning fueled vehicle, a tax deduction is available.

The IRS has certified the Honda Insight, model years 2003 & 2004, and the Honda Civic Hybrid, model year 2004 as clean-burning fuel vehicles eligible for the $2,000 tax deduction. Previous certifications have been released for the Prius for 2001-2004, the Honda Insight for 2000-2002, and the Honda Civic Hybrid for 2003.

Purchases of qualified cars in 2003 receive the full deduction. Purchases in 2004 receive 75% of the deduction.

This news release can be found at www.irs.gov/pub/ by clicking on irs-news and then clicking on ir2004-16 I can email you a pdf copy of the revenue procedure upon request.

This text has been shared with you courtesy of:
David L. Mellem, EA & Ashwaubenon Tax Professionals)
920-496-1065 (fax 920-496-9111)
davidmellem@yahoo.com

ŠAshwaubenon Tax Professionals. No reproduction of
this article is permitted without the express consent
of Ashwaubenon Tax Professionals, 2140 Holmgren Way
Suite 1040, Green Bay, WI 54304.

Call David for your speaking, writing or consulting needs

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Published TaxMama.com 1.30.04