Question
Are Federal Tax deductions available for purchasing a Prius?
Answer
An individual consumer purchaser of a Prius may be entitled to a federal tax deduction of up to $2,000 for Prius purchases completed on or before December 31, 2001. The deduction is not available to a consumer lessee of a Prius. To the extent applicable, this deduction is available to consumers regardless of whether they itemize deductions on their individual income tax return. The overall federal tax benefit will depend on your individual tax situation, particularly if you claim depreciation deductions on your Prius. So, please contact your individual tax advisor for further information on how you can take advantage of this important federal tax benefit for qualified clean-fuel vehicles like the Prius (IRC Section 179A). State income tax benefits may also be available in the following states because their definitions of state taxable income can in part include the above federal deduction: AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NM, NY, NC, ND, OH, OK, OR, RI, SC, UT, VT, VA, WV and WI. Separate state tax benefits specifically directed towards vehicles like the Prius may also be available in LA, MD, NY and VA. Your individual tax advisor may also have further information on any state and local benefits available to purchasers of the Prius.
do that
and make sure you always have gas
Question
If Prius runs out of gas, can it run off the electric battery?
Answer
Prius is meant to be treated as a conventional vehicle. It should never be run on an empty tank of gas. Severe damage to the battery pack can occur if the vehicle is driven without gas.