Alternative Motor Vehicle Credit

This tax credit can be deducted for having a hybrid motor vehicle that was purchased or put in service on or after January 1, 2006. This tax credit is only available to the original purchaser of a new hybrid car and has to meet the qualifications according to the IRS. If a qualifying hybrid is leased to a person then the company leasing the vehicle gets to use the tax credit. There is a list for each year as far as what hybrids are qualifying on the IRS website.