AMI Auto World Magazine quotes H & R Block's senior tax researcher: "On the 1040 form it's a deduction to 'Adjusted Gross Income' on luine 32. And you have to write the words 'Clean Fuel Deduction' on a blank line."

Yeah, I agree with him. Its a deduction.<br><br>Has anybody heard anything about Bush's CREDIT for hybrid cars? I heard it was in his budget but I haven't heard any more about it.

&gt;Has anybody heard anything about Bush's CREDIT for hybrid cars? I heard it was in his budget but I haven't heard any more about it.&lt;<br><br>Last I heard was that due to the rapidly dissapearing surplus the hybrid credit is likely to be dropped from the budget.

The surplus is NOT rapidly disapearing. Anyway, the budget has been passsed and is done. The provisions can't change until next year.<br><br><br><br>&gt; Last I heard was that due to the rapidly <br>&gt; dissapearing surplus the hybrid credit is <br>&gt; likely to be dropped from the budget.

&gt;The surplus is NOT rapidly disapearing. Anyway, the budget has been passsed and is done. The provisions can't change until next year.&gt;<br><br>I would call a reduction in the projected surplus in May of $275 billion to $165 billion now a rapidly disapearing surplus.<br><br><a href=http://www.msnbc.com/news/599289.asp#BODY target=new>http://www.msnbc.com/news/599289.asp#BODY</a><br><br>The budget is just a guidline and the appropiation bills can be adjusted to compensate.<br><br>I recall seeing that the new hybrid credit would be likely to be dropped but could not find the source. I wouldn't hold my breath waiting for the new hybrid credit to be passed.