8th Generation Honda Civic Forum - View Single Post

jrod81 · 11-05-2007, 11:54 AM

Hey guys,
We bought an 07 Hybrid on Saturday. They had them discounted to get rid of all 07s so I feel we got a decent deal. One of the final things that made our decision was the promise of a $2100 tax credit.
Here is my question:
I am working on a graduate degree and my wife works at only $12.00 an hour so we are still in the tax bracket where we have yet to pay in for taxes (sorry if that steams anyone). My dealer told me that if I owed $4100 then the tax credit would make me only owe $2000 but I told him we never owe and asked him if we were going to get $1000 back, would we instead get $3100 back because of the credit. He answered yes without hesitation... is that correct?
thanks
jared

11-05-2007, 11:54 AM	#1 (permalink)
jrod81 Member Join Date: Nov 2007 Posts: 67 iTrader: 0 / 0%	how does the $2100 cash back work? Hey guys, We bought an 07 Hybrid on Saturday. They had them discounted to get rid of all 07s so I feel we got a decent deal. One of the final things that made our decision was the promise of a $2100 tax credit. Here is my question: I am working on a graduate degree and my wife works at only $12.00 an hour so we are still in the tax bracket where we have yet to pay in for taxes (sorry if that steams anyone). My dealer told me that if I owed $4100 then the tax credit would make me only owe $2000 but I told him we never owe and asked him if we were going to get $1000 back, would we instead get $3100 back because of the credit. He answered yes without hesitation... is that correct? thanks jared