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Go Back   Hummer Forums by Elcova > Hummer H2 Discussion Forums > General H2 Discussion

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  #1  
Old 06-14-2006, 02:16 AM
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mikejr mikejr is offline
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Default Re: Any tax breaks left for buying an H2?

good clarification there, guess i just assumed that they would have known about having to use it for business/work purposes. That deduction has saved us a ton in tax exposure over the years, lets just hope they dont reduce it even further with the pressure from the treehuggers.
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2009 H2 Silver Ice LE

2008 H2 Lux Series, Slate Blue, everything but the air suspension - sold

2006 H2 Lux Series, Uplevel Chrome, DVD's, Slate Blue, Sun Roof - sold

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  #2  
Old 06-14-2006, 03:07 AM
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Racer-X Racer-X is offline
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Default Re: Any tax breaks left for buying an H2?

Makes no difference to me I bought mine in 02 and wrote off 100%.

I had 25k in the bank with quarterlies due. Wife gave me a choice, give it to the IRS or give to the dealership - a no brainer eh?
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Old 06-15-2006, 02:55 AM
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Default Re: Any tax breaks left for buying an H2?

it is a no brainer....i'd rather drive an H2 than pay uncle sam....at least i have fun with my money with the H2
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2009 H2 Silver Ice LE

2008 H2 Lux Series, Slate Blue, everything but the air suspension - sold

2006 H2 Lux Series, Uplevel Chrome, DVD's, Slate Blue, Sun Roof - sold

"If Life Gives You Limes, Make Margaritas" - Jimmy Buffett
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Old 06-15-2006, 11:52 AM
OrangeCrush OrangeCrush is offline
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Default Re: Any tax breaks left for buying an H2?

Unless I misunderstood what my accountant said but she told me last year she wrote off 25% of my H2.

I was told that you used to be able to write off 100% but last year they changed it and you can still deduct up to 25%.

Mark
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