Tuesday, February 12, 2008


Because the rebate is really just an early refund on the 2008 tax year, there is a lot to be said for spending it on something that will reduce your tax liability. Making donations to non-profits like American Forests like I suggested yesterday is one way to do it. But there are still a few tax credits out there for buying renewables or hybrid vehicles. Because the IRS is so bizarre, Toyota vehicles no longer qualify for a tax credit but Ford, GM, Nissan, and Honda all still have them. Check it out here. Replacing inefficient appliances and insulating your home also still have tax credits from the same legislation. But if you're hoping to get solar or wind power, you should check out the Database of State Incentives for Renewables and Efficiency. They have a great map, just click and save! Here is their page on the personal tax credit.

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