By now you may have seen or heard about the IRS giving a tax deduction of up to $2,000 for buyers of gas/electric hybrid vehicles. You might recall that a 1992 energy law gave taxpayers a $4,000 deduction for buying a fully electric vehicle but now there is a deduction at a minimum $2,000 to allow taxpayers who bought hybrids before this year to claim the allowance retroactively.
There are other aspects of this but I'm not looking at those right now because I don't intend to buy a hybrid car. I have no intention of mixing electricity and gasoline. What am I crazy? I don’t care what the IRS will give me. They may have their rules; but I have my own, and gasoline and electricity simply don’t mix in my book.
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