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	<title>AllStays Travel &#187; tax credit</title>
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		<title>Tax Credit for New RV Purchases</title>
		<link>http://www.allstays.com/Features/tax-credit-for-new-rv-purchases/</link>
		<comments>http://www.allstays.com/Features/tax-credit-for-new-rv-purchases/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 12:41:04 +0000</pubDate>
		<dc:creator>Adam</dc:creator>
				<category><![CDATA[Money Savings]]></category>
		<category><![CDATA[new rvs]]></category>
		<category><![CDATA[rv purchase]]></category>
		<category><![CDATA[RV Tips]]></category>
		<category><![CDATA[tax credit]]></category>

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		<description><![CDATA[You can take a tax credit for the sales taxes on new vehicle buys up to $49,500.]]></description>
			<content:encoded><![CDATA[<p>If you are thinking about buying an RV or new car for that matter, there are even more benefits right now than just stimulating the economy. You don&#8217;t have to live in a state without a sales tax to benefit a little when you buy an RV this year. If you do buy your new RV or vehicle in a state without sales tax, you can even deduct some of the local taxes and fees to save even more.</p>
<p>The American Recovery and Reinvestment Act of 2009 provides a <a href="http://www.irs.gov/newsroom/article/0,,id=204519,00.html" target="_blank">deduction for state and local sales and excise taxes</a> paid on the purchase of new cars, light trucks, motor homes and motorcycles through 2009. The deduction is available regardless of whether a taxpayer itemizes deductions.<span id="more-2021"></span></p>
<p>It is for new buys after Feb. 17, 2009 and the deduction is limited to the tax on up to $49,500 of the purchase price of an eligible motor vehicle. So it may not cover the entire price of a big new RV but it certainly helps quite a bit. The deduction is phased out for joint filers with modified adjusted gross income between $250,000 and $260,000 and other taxpayers with modified AGI between $125,000 and $135,000.</p>
<p>And please note that you can then take advantage of some great energy credits and improve your RV with solar power as well. Solar credits are up to 30% on Federal now.Â  I installed solar on my RV a few years ago and haven&#8217;t needed the generator since. Plus it means you don&#8217;t always need such an expensive campsite and can save more money on camping fees.</p>
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