Hybrid Hustle; Hop to it for best tax breaks.(News)

Byline: DAVE CHESS Even though April 15 has come and gone, it's not too soon to consider the tax advantages that come with buying a fuel-efficient vehicle. Purchasers of new hybrids are eligible for up to $3,400 in tax credits under the Energy Policy Act of 2005. Dollar for dollar, a tax credit is much better than a tax deduction. A deduction reduces taxable income while a credit directly reduces your tax bill. A $3,400 deduction in the 28 percent tax bracket saves just $952, compared to a full $3,400 savings with the tax credit. But if you've ever prepared your own tax ...