Tax deductions for a hybrid car purchase

Federal tax deduction



Toyota Prius — Model Years 2001 - 2004

Honda Insight — Model Years 2000 - 2004

Honda Civic Hybrid — Model Years 2003 and 2004



Detailed description is here



Colorado Department of Revenue



2004 Toyota Prius:

`` Incremental price difference - $3,150

`` Tax Credit available $2,678



2004 Honda Insight (Automatic):

`` Incremental price difference - $5,070

`` Tax credit available $4,310

2004 Honda Insight (Manual 5-speed):

`` Incremental price difference - $5,070

`` Tax credit available $3,803



2004 Honda Civic Hybrid (Automatic):

`` Incremental price difference - $3,440

`` Tax credit available $2,580

2004 Honda Civic Hybrid (Manual 5-speed)

`` Incremental price difference - $3,240

`` Tax credit available $2,430



Detailed description is here



In addition, individual states offer incentives, rebates, or grant programs to encourage purchase and leasing of hybrid and low/zero emission vehicles.

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