Good news for Honda buyers.
Taxpayers can claims deductions for the incremental cost Incremental Cost
The encompassing change that a company experiences within its balance sheet due to one additional unit of production.
Notes:
Incremental cost is the overall change that a company experiences by producing one additional unit of good. of buying cars propelled by clean-burning fuel. The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. recently said owners of 2003 and 2004 Honda Insights could deduct $2,000 and $1,500, respectively, and 2004 Honda Civic Hybrid
Main article: Honda Civic
The Honda Civic Hybrid is a hybrid version of the Honda Civic sedan.
For the 2003 model of the Civic, Honda added a continuously variable transmission and an Integrated Motor Assist hybrid system similar to owners could get a $1,500 deduction.
Source: IRS, www.irs.gov.
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