zzzzdoc

Started thinking about taxes, and ran into something interesting. TurboTax doesn't include the LS600hL in the cars eligible for a hybrid tax credit. The other Lexus hybrids are on the list. Same thing with the IRS web site.

Why doesn't this car qualify??? Even though Toyota is almost phased out of the deduction by virtue of high hybrid sales, my car was purchased before 10/1/07 and is a hybrid.

Did Toyota not even bother filling out the paperwork with the IRS???

Any accountants out there with thoughts on this?

rominl

iTrader: (4)

yes, i don't think the 600hl was ever on the list for tax credit. maybe coz' the gas mileage isn't up there?

RXSF

http://www.fueleconomy.gov/feg/tax_hybrid.shtml


if you bought it before October 1st, you should get $450

Nospinzone

Maybe its because the LS600 wasn't built as a hybrid to improve gas mileage (actually I think its rated 2 mpg less than the LS460), but rather to boost performance to rival the V12 engines of competitors.

GSXOTIC

iTrader: (6)

perhaps taxpayer who can afford the 600hL do not need any further tax break... j/k.

encore888

Yes they are phasing the hybrid tax break out...

zzzzdoc

Thanks for the find. The other IRS documents, as well as TurboTax don't include the car.

Just got in under the wire.

RFFG

I didn't know that, good to know...

zzzzdoc

I guess Intuit cruises this board. The LS600hL showed up when I ran the program today after it downloaded updates. Tax credit now shows up.

Should cover a tank of gas or two.

RXSF

id like a check for half of that for pointing it out

zzzzdoc

A lambo ride can be arranged if you're ever in these parts.

GSteg

iTrader: (15)

The GS450h is actually built on the same concept, yet it gets a tax break I think.