Great news regarding the SUV tax credit
What a great excuse to buy a new SUV!
email: avoglezon@mbzlongbeach.com
Hooray!!! The SUV Tax Credit lives on
Great news for Auto Spies readers who qualify!
Republican leaders dumped a Senate plan to eliminate the SUV tax loophole (Section 179) that allows small-business owners to deduct up to $100,000 from their income for buying SUV's with a GVWR of 6000 lbs. or greater.
For some people, this deduction is more lucrative than their mortgage interest tax deduction.
The only things we would change about the deduction if we could, would be to open it up to any vehicle that is appropriate for each small business owners needs.
Be sure to consult your tax advisor to determine your eligiblity and to get further details.
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