Alternative Motor Vehicle tax credit
The Audi A3 TDI and Audi Q7 TDI are presently eligible for a federal Alternative Motor Vehicle tax credit. This tax credit begins to phase out once a manufacturer sells 60,000 eligible vehicles. Volkswagen Group (including Audi) has reached 60,000 sales of TDI vehicles, so the tax credit will drop to 50% beginning July 1st and will be eliminated after December 31st.
The following summarizes the phase-out timeline.
10MY A3 TDI
100% Credit Through June 30: $1,300
50% Credit July 1 through Dec 31: $650
0% Credit After Dec 31: $0
10MY Q7 TDI
100% Credit Through June 30: $1,150
50% Credit July 1 through Dec 31: $575
0% Credit After Dec 31: $0
Date of sale determines the amount of the credit, and the delivery date determines the year that the credit is claimed. Further details are available at the following links:
http://www.fueleconomy.gov/feg/taxLeanBurn.shtml
http://www.irs.gov/businesses/corporations/article/0,,id=214283,00.html
http://www.irs.gov/newsroom/article/0,,id=157557,00.html
The following summarizes the phase-out timeline.
10MY A3 TDI
100% Credit Through June 30: $1,300
50% Credit July 1 through Dec 31: $650
0% Credit After Dec 31: $0
10MY Q7 TDI
100% Credit Through June 30: $1,150
50% Credit July 1 through Dec 31: $575
0% Credit After Dec 31: $0
Date of sale determines the amount of the credit, and the delivery date determines the year that the credit is claimed. Further details are available at the following links:
http://www.fueleconomy.gov/feg/taxLeanBurn.shtml
http://www.irs.gov/businesses/corporations/article/0,,id=214283,00.html
http://www.irs.gov/newsroom/article/0,,id=157557,00.html
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2009 Porsche 911 Launch Event
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