Flex Fuel Tax Credit for 2011 | TigerDroppings.com

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DuckSlayer22
LSU Fan
Lafayette, LA
Member since Sep 2011
512 posts

Flex Fuel Tax Credit for 2011


Any of my OT fellas heard of a tax credit for purchasing a flex fuel vehicle in 2011?






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Broham
LSU Fan
Lafayette
Member since Feb 2005
14457 posts

re: Flex Fuel Tax Credit for 2011


I would like to know about this also.





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loopback
LSU Fan
Member since Jul 2011
1206 posts

re: Flex Fuel Tax Credit for 2011


researched it, from what I found that credit ended in 2009





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loopback
LSU Fan
Member since Jul 2011
1206 posts

re: Flex Fuel Tax Credit for 2011


It should be noted that I researched it for myself about 2 weeks ago because I bought two Flex Fuel (Tahoe and Silverado) in 2011






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DuckSlayer22
LSU Fan
Lafayette, LA
Member since Sep 2011
512 posts

re: Flex Fuel Tax Credit for 2011


I know their are some CPA's in here...





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socks and sandals
LSU Fan
Lou-z-an-r
Member since Aug 2004
563 posts

re: Flex Fuel Tax Credit for 2011


There is a 3 page thread about it on the money board





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Ortho Reb
Ole Miss Fan
New Orleans, LA
Member since Dec 2011
8983 posts

re: Flex Fuel Tax Credit for 2011


My CPA told me that I was going to owe about $7500 more in taxes than I had paid in so far, but since I bought a flex fuel that I wouldn't owe anything.





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Skin
McNeese State Fan
Baton Rouge, Louisiana
Member since Jun 2007
3951 posts
 Online 

re: Flex Fuel Tax Credit for 2011


quote:

There is a 3 page thread about it on the money board


yes. very good info can be found in that thread. even includes a response from LA dept of revenue.






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offshoreangler
LSU Fan
713, Texas
Member since Jun 2008
19712 posts

re: Flex Fuel Tax Credit for 2011


Flex Fuel...what a bunch of horse shite.





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threeputt
Notre Dame Fan
God's Country
Member since Sep 2008
21743 posts

re: Flex Fuel Tax Credit for 2011


quote:

Any of my OT fellas heard of a tax credit for purchasing a flex fuel vehicle


not me ... I am a man






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Skin
McNeese State Fan
Baton Rouge, Louisiana
Member since Jun 2007
3951 posts
 Online 

re: Flex Fuel Tax Credit for 2011


quote:

My CPA told me that I was going to owe about $7500 more in taxes than I had paid in so far, but since I bought a flex fuel that I wouldn't owe anything.


$3,000 is the max you can take on that particular credit.






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Ortho Reb
Ole Miss Fan
New Orleans, LA
Member since Dec 2011
8983 posts

re: Flex Fuel Tax Credit for 2011


quote:

$3,000 is the max you can take on that particular credit.



I bought through my business, so maybe there is more than just the flex fuel credit.






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
45467 posts
 Online 

re: Flex Fuel Tax Credit for 2011


What year model trucks qualify for this? Do '09 silverados qualify?





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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
50903 posts
 Online 

re: Flex Fuel Tax Credit for 2011


New vehicles that can take e85 get a credit for 10% of price up to 3k from the state


It's item 71f on your state return

Check the money board thread

I know it was valid in 2010 and 2011, I just amended my 2010 taxes to account for the truck I bought bc I just found out about it recently






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BigHoss
LSU Fan
Offshore
Member since Apr 2010
2614 posts

re: Flex Fuel Tax Credit for 2011


Talked to la dr today.

Credit still applies even on e85






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