Clarification on how ‘Stimulus’ package will affect new RV buyers

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According to a news release posted Feb. 25 on PRWeb.com: “In order to qualify for the sales or excise tax deduction on a RV purchase between now and December 31, 2009, you must individually earn less than $125,000 per year, or jointly earn less than $250,000 per year and the deduction only applies to motorized RV’s and not travel trailers or other towable RVs. Plus, you can only deduct the sales tax paid on the first $49,500 of the purchase price which according to Greg Gerber of RV Industry News equates to “…buy a motorhome for $50,000 or $200,000 in a state with an 8 percent sales tax rate and you’ll only get to deduct $3,960 off next year’s taxes.” Read full press release here.

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