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By: On: Friday November 27 2009

2rvia1127The $789 billion federal economic stimulus package signed into law in February, 2009, included a tax provision for motorhomes that is now set to expire as the year ends.

For the remainder of the calendar year, tax provisions under the stimulus package allow for sales and excise tax deductions for new purchases of qualified motor vehicles, including motorhomes. The deductions are attributable to taxes applying to the first $49,500 of the purchase price. Individuals with an adjusted gross income of up to $125,000 and joint filers with an adjusted gross income of up to $250,000 are eligible for the deduction.

When the calendar year ends on December 31, the tax credit will no longer apply.




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