Hybrid Car Tax Deduction

S Corp hybrid tax credit?

We have an S Corporation and that from next month is 3 years since I got a new car, we were considering purchasing a Nissan Altima Hybrid 07 which comes with a $ 2200 tax credit, you still be able to receive a tax deduction and credit business tax if purchased in the business? Also, since we may soon be over 3 years since our last purchase of a vehicle for our business? So you are saying the credit is divided among all shareholders of S corps?

While the vehicle is used for commercial purposes and not personal use. No matter how much time has passed since his last purchase a car. You can buy one each month you want. We must recapture the depreciation should be calculated when made in the current car a new one.

Tax Tips & Information : About Tax Deductions for a Hybrid Car Purchase

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