Q7 TDI Buyers - don't forget your $1,150 tax credit!
12-29-2009, 03:41 AM
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Q7 TDI Buyers - don't forget your $1,150 tax credit!
The Energy Policy Act of 2005 for Individuals allows for a tax credit for taxpayers Who Purchase or Lease Hybrid Vehicles or Other Alternative Motor Vehicles http://www.irs.gov/newsroom/article/...153397,00.html. The IRS has acknowledged the certifications by manufacturers that certain advanced lean-burn technology vehicles qualify for the alternative motor vehicle tax credit. The Q7 TDI is one of the vehicles designated as having advanced lean-burn technology http://www.irs.gov/newsroom/article/...187546,00.html.
2009 vehicles listed here http://www.irs.gov/businesses/corpor...214284,00.html
2010 vehicles listed here http://www.irs.gov/businesses/corpor...214283,00.html
2009 vehicles listed here http://www.irs.gov/businesses/corpor...214284,00.html
2010 vehicles listed here http://www.irs.gov/businesses/corpor...214283,00.html
This was one of the reasons we bought the TDI!
12-29-2009, 08:27 AM
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Absolutely! and if your income is less than $125,000 ($250,000 joint) for 09 you can also claim back your sales tax under the American Recovery and Reinvestment Act. Doubt that applies to too many new Q7 owners though.
http://www.irs.gov/newsroom/article/...204519,00.html
http://www.irs.gov/newsroom/article/...204519,00.html
12-29-2009, 03:14 PM
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Thanks for that tip - will see what happens in 2010 (maybe the salary limit will go up!)
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02-04-2011, 03:28 PM
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too little too late? I purchased my Q7 TDI in December of 2009. I forgot to do the tax credit $1,150 (tax guy never told me)! Do happen to know if this can still be captured? I understand there is a phase-out at some point. HOwever, I still see the Q7 listed as "Alternative Lean Burn" tax credit for 2010! If based on purchase date (and in service), then I am Dec 2009. If based on volumes and not available anymore then I may be SOL (out of luck). Appeciated any advice or expertise around this.
Thanks for your time.
SCI_Q7_TDI
Thanks for your time.
SCI_Q7_TDI
02-05-2011, 03:00 AM
#9
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too little too late? I purchased my Q7 TDI in December of 2009. I forgot to do the tax credit $1,150 (tax guy never told me)! Do happen to know if this can still be captured? I understand there is a phase-out at some point. HOwever, I still see the Q7 listed as "Alternative Lean Burn" tax credit for 2010! If based on purchase date (and in service), then I am Dec 2009. If based on volumes and not available anymore then I may be SOL (out of luck). Appeciated any advice or expertise around this.
Thanks for your time.
SCI_Q7_TDI
Thanks for your time.
SCI_Q7_TDI
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 table summarizes the phase-out timeline.
100% Credit ----- 50% Credit ------------- 0% Credit
Through June 30 - July 1 through Dec 31 - After Dec 31
10MY A3 TDI $1,300 - $650 ------------------ $0
10MY Q7 TDI $1,150 - $575 ------------------ $0
The following table summarizes the phase-out timeline.
100% Credit ----- 50% Credit ------------- 0% Credit
Through June 30 - July 1 through Dec 31 - After Dec 31
10MY A3 TDI $1,300 - $650 ------------------ $0
10MY Q7 TDI $1,150 - $575 ------------------ $0
Last edited by DUTCH VanAtlanta; 02-05-2011 at 03:02 AM.
02-06-2011, 11:27 AM
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too little too late? I purchased my Q7 TDI in December of 2009. I forgot to do the tax credit $1,150 (tax guy never told me)! Do happen to know if this can still be captured? I understand there is a phase-out at some point. HOwever, I still see the Q7 listed as "Alternative Lean Burn" tax credit for 2010! If based on purchase date (and in service), then I am Dec 2009. If based on volumes and not available anymore then I may be SOL (out of luck). Appeciated any advice or expertise around this.
Thanks for your time.
SCI_Q7_TDI
Thanks for your time.
SCI_Q7_TDI
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