Huge tax break for vehicles over 6000 pounds

Reply Subscribe

Thread Tools

01-17-2003, 02:07 PM

#11

CigDaze

Platinum Member

Join Date: Jun 2001

Posts: 21,346

Likes: 0

Received 9 Likes on 9 Posts

F-250 GVWR = 8800#

01-17-2003, 02:15 PM

#12

26scarab

Registered

Join Date: Mar 2001

Location: st. clair shores mi ,us

Posts: 1,620

Likes: 0

Received 2 Likes on 2 Posts

I have to call the Tax lady when I get home ! My truck wieghs 6500# and technically I'm a contractor.

01-17-2003, 05:08 PM

#13

Payton

Charter Member #927

Charter Member

Join Date: Jan 2001

Location: IN

Posts: 4,834

Likes: 29

Received 2 Likes on 2 Posts

I'm a farmer, and I've used this for my last 5 pickups. Although I'm not quite in the tax bracket they talk about.
Now that everyone knows about it, you can bet it's going to change.

01-17-2003, 06:15 PM

#14

Mrs 283Check

Guest

Posts: n/a

Quote:

Originally posted by Mrgoodwrench
Is this state or federal?

It's a federal tax law but if your state income tax is based off of your Federal AGI (Kansas and Missouri are examples of this) then the dedution will benefit you in both respects.