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Flex Fuel Vehicle Tax Deduction
Posted on 1/23/12 at 12:29 pm
Posted on 1/23/12 at 12:29 pm
I purchased a 2011 Silverado with Flex Fuel and was wondering if I qualify for a tax deduction when I file for 2011?
Posted on 1/23/12 at 1:45 pm to DuckSlayer22
jw, what kind of mpg you getting?
flex fuel worth it?
flex fuel worth it?
Posted on 1/23/12 at 2:33 pm to DuckSlayer22
I think the tax deduction is for hybrid cars and electric cars. Flex Fuel is really nothing special, the tank is lined to prevent the rust from the alcohol. That is the only real difference from normal cars.
Posted on 1/23/12 at 8:39 pm to DuckSlayer22
Not a deduction, it is a $3000 Louisiana Tax Credit
Posted on 2/6/12 at 8:52 am to DuckSlayer22
I finally got a response from the LA dept of Revenue. Below is their response to my email:
There is a credit given to taxpayers who purchase an alternative fuel vehicle. The credit can be taken on Schedule F code number 71F. The credit can be 10% of the cost of the vehicle or $3000.00 whichever is less. You will have to provide a copy of the purchase and the vehicle must be registered in the state.
Thanks,
-----Original Message-----
From: personal.inquiries@la.gov [mailto:personal.inquiries@la.gov]
Sent: Thursday, January 26, 2012 10:18 AM
There is a credit given to taxpayers who purchase an alternative fuel vehicle. The credit can be taken on Schedule F code number 71F. The credit can be 10% of the cost of the vehicle or $3000.00 whichever is less. You will have to provide a copy of the purchase and the vehicle must be registered in the state.
Thanks,
-----Original Message-----
From: personal.inquiries@la.gov [mailto:personal.inquiries@la.gov]
Sent: Thursday, January 26, 2012 10:18 AM
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