Tuesday, January 10, 2006

2005 Tax Changes Affecting Electric & Clean-Fuel Vehicles

AccountingWEB.com - Jan-4-2006 - Taxpayers who put a qualified electric or clean-fuel vehicle into service during 2005 can claim the maximum electric vehicle credit and/or the maximum clean-fuel vehicle deduction, according to the Internal Revenue Service (IRS). Other clean-fuel property placed into service this year may also be eligible to take the maximum deductions.

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