What are the Tax Benefits?

In addition to earning income and offsetting the costs of RV ownership, you may qualify for substantial tax benefits including depreciation, claiming business expenses, and even accelerated depreciation.

Expenses – You’ll be able to deduct insurance premiums, maintenance costs, any upgrades you might want on your motor home, plus a vacation each year. These now all become business expenses.

Section 179 Deduction – Each year the government allows a capital investment purchase that can use an accelerated depreciation schedule for that investment. In 2010, the allowance was $35,000 (For more information, see Publication 946 from the Internal Revenue Service IRS).

*We do recommend that you consult with your own tax adviser who can explain how to properly set things up to give you the maximum benefit.