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Nissan now hybrid credit eligible

January 11, 2007

The first Nissan is now on the Alternative Motor Vehicle Credit list.

Nissan_altima_2
The 2007 Altima hybrid will net purchasers a $2,350 credit on their 2007 returns next year. Yes, most of us haven’t filed or even started our 2006 taxes and we’re already getting info on next year’s returns. But the good thing about that is it gives us plenty of time to plan.

Speaking of planning, if you want a Toyota hybrid, to get the current tax credit amounts, you must buy one by March 31. Right now the largest credit is $1,575 for a Prius. On April 1, the credit amount drops again. 

The largest credit out there is on the Honda Civic GX. If you bought a 2005, 2006 or 2007 version of one of these babies by last Dec. 31, you can claim a $4,000 credit on your current return. The reason it’s so large is in part because the vehicles run on compressed natural gas. Honda’s full tax break is still in effect for current purchases (and your 2007 return) because the automaker hasn’t hit the 60,000 sales cut-off mark.

For the official word, here are the IRS announcements on the new Nissan, the credits right now for all other eligible hybrid and alt fuel vehicles and a list of its IRS press releases as the vehicles were certified for the credit.

You can view my previous blogs on the hybrid credits here (this story will show up first; scroll down for earlier ones) and a hybrid credit story on Bankrate.com here.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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    The IRS has certified the Nissan Altima as qualifying for the hybrid car tax credit. If you want one, though,…

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