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Hub You - 2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction
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Ostensibly, the government uses clean power tax deductions as a method to promote the use of vehicles that are less harmful to the environment. The clean-fuel tax deduction is based on the incremental cost of using a vehicle model that combines traditional gasoline-powered engines with electric motors. The deduction is only available if the manufacturer has submitted vehicle specifications that the IRS has agreed to qualify the vehicle as a "Clean-Fuel Vehicle". Once this has occurred, the IRS then certifies the vehicle as one that qua
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On December 13, 2004, the IRS certified the 2005 Ford Escape Hybrid as a "Clean-Fuel Vehicle" for the first time. If you purchased the Ford Escape in 2004 or 2005, you may claim a tax deduction of $2,000. You must comply with two requirements before claiming the deduction. Under current law, you must:
1. Take the deduction in the year the vehicle was originally purchased,and
2. Be the original owner, of the vehicle.
Importantly, you do not have to itemize your deductions to take advantage of the Clean-Fuel deduction. If you are us
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