Iowa Tax Incentives for Driving Eco-Friendly
In the state of Iowa, there is not currently any laws for emissions testing on vehicles. Iowa still cares about the environment and protecting it, and the state offers rewards for those who choose to drive eco-friendly. Let’s take a look at what rewards are offered.
Iowa Tax Incentives
If you decide to purchase a vehicle with a fuel cell motor, this could land you a $2,000 state tax deduction! In order to qualify for this tax deduction you need to meet the following criteria:
- Use IRS form 8910 to claim the IRS Alternative Motor Vehicle Credit for the current tax year.
- Your vehicle qualifies as a fuel motor cell vehicle
- You have used the vehicle before January 1, 2015
You can receive federal tax credits for the following vehicle criteria:
- Electric cars
- Plug-in Hybrids
- Alternative fuel vehicles
Some insurance companies reward drivers for driving low emissions type of vehicles. It all depends on your insurance provider. Give you provider a call today and see what they have to offer you.