Alternative Motor Vehicle Credit

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Dictionary Says

Definition of 'Alternative Motor Vehicle Credit'

A tax credit given to individuals who purchase vehicles that derive their power from alternative energy sources. Taxpayers are eligible to receive this nonrefundable alternative motor vehicle tax credit if they are the original purchasers of a vehicle after January 1, 2006. The vehicle must also qualify and the resulting tax credit will vary depending on the model.
Investopedia Says

Investopedia explains 'Alternative Motor Vehicle Credit'

The alternative motor vehicle credit is designed to encourage the purchase and use of alternative fuel vehicles. The tax credit is claimed on Form 8910, and is credited to the taxpayer after all other nonrefundable credits have been subtracted from the taxpayer's tax liability.  If the vehicle is used for business, then it is carried to Form 3880 for the general business credit. Information on qualifying vehicles can be found on the IRS website.
Search results for

'Alternative Motor Vehicle Credit'

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    ... Read Ways To Slash Your Home Energy Bill to learn more.) 4. Tax Credit for Hybrid
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    ... donations, motor vehicle registration tax, points paid on a mortgage or refinance,
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    ... to upgrade the size of their home commuting is the only suitable alternative. ... insurance
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  • Alternative Energy Winners

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    ... One day these alternative investments have to stand on their ... An example of this is
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    ... In addition to being used as motor vehicle fuel, biodiesel can be used as ... While the
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    ... incentives for buyers of electric and alternative-fuel vehicles. ... since it is a much
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  • CFP Study Guide - Property, Casualty and Liability Insurance ...

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    ... 9.5 Personal Vehicle Insurance and Risks; 9.6 Risk ... Common Items Subject to the
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  • Is Biofuel A Bad Idea? - Investopedia.com

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    ... The ethanol evaporates in a hot motor, causing fuel ... invalidating the warranties on
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    ... be seen, however, what impact Ford Motor's (NYSE:F ... the earliest stages of the electronic
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  • Military Tightens Its Belt, Goes Green

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    ... and has a hybrid drive motor that enhances ... and civilian sectors incorporate alternative
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