2019 Chrysler Pacifica Hybrid Federal & State Tax Credits

According to fueleconomy.gov, the federal tax credit of $7500 is still available on any new Chrysler Pacifica Hybrid. There are also state tax credits available. To check your state tax credit click here. An often overlooked provider of hybrid incentives is your local electric provider. There are some that will give you incentives for owning a Pacifica Hybrid or any hybrid vehicle so it's definitely worth investigating.  

According to fueleconomy.gov, here are some frequently asked questions:

Frequently Asked Questions about Vehicle Tax Incentives

What's the difference between a deduction and a credit?

A tax deduction reduces the amount of income for which you are taxed. For example, if your taxable income were $50,000, a $2,000 deduction would reduce it to $48,000. So, you would pay taxes on an income of $48,000 instead of $50,000. This means your actual savings would be a fraction of the $2,000 deduction.

A tax credit reduces the total amount of income tax you owe. So, if you owed $10,000 in federal income tax, a $2,000 credit would reduce the amount you owed to $8,000. With a credit, your actual savings would be $2,000.

Where can I find information on State incentives?

The U.S. Department of Energy's (DOE's) Alternative Fuels Data Center (AFDC) maintains a list of State & Federal Incentives.

Can I claim the credit for a used vehicle?

No. The credit applies to new vehicles only.

Can I claim the credit for a leased vehicle?

If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.