[IP] Tax breaks for SUV's
-------- Original Message --------
Subject: Tax breaks for SUV's
Date: Sat, 18 Feb 2006 20:49:29 -0500 (EST)
From: EEkid@xxxxxxx
To: dave@xxxxxxxxxx
"Federal tax rules that took effect last month allow a credit of up to
$3,150
for anyone buying a hybrid car. The credit is the same regardless of tax
bracket.
However, owners of small businesses who buy a Hummer, Ford Excursion or
other
SUV weighing more than 3 tons get a deduction of up to $25,000 — depending
on tax bracket — if they use the vehicle exclusively for work.
The benefits don't stop there. Once they subtract the $25,000 from the
cost
of their 3-ton SUV, small business owners can deduct the depreciation on
the
remaining amount. Someone who bought a $60,000 SUV, for example, can
claim the
remaining $35,000 over six years."
_http://news.yahoo.com/s/ap/20060218/ap_on_bi_ge/suvs_tax_breaks;_ylt=Ai9OXKlD
wlVWUrnoqpmDDZIDW7oF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl_
(http://news.yahoo.com/s/ap/20060218/ap_on_bi_ge/suvs_tax_breaks;_ylt=Ai9OXKlDwlVWUrnoqpmDDZIDW7
oF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl)
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