RV Owners Have Tax Benefits
If your considering purchasing an RV this winter season. Did you know about the tax breaks of being an RV owner?
According to an article at rvlifestyleexperts.com, “RV Tax Savings”
“RV owners can take advantage of tax breaks
A recreation vehicle is the ticket to get away from the stress of everyday life; and, what most people don’t know, is also a way to get a little bit of relief from today’s high taxes. That’s right. Owning a recreation vehicle saves on taxes and keeps more money in your pocket!
Is your RV a “second home?”
For a vehicle to save money at tax time, it needs to pass the test of being a second home. To be considered a “second home,” an RV needs cooking, sleeping and bathroom facilities. Virtually all RV types-motor homes, travel trailers, truck campers and even some folding campers-may be equipped with these facilities. Tax savings depend upon the monthly loan payment, the length of the loan and the interest rate. For example, a $15,000 loan for a term of 10 years with an interest rate of eight percent will shave about $15.45 a month from taxes.” To read the entire article click here.