What if you paid 12K in interest on a RV, but have very few deduction, can you still get some of the interest back? Also can you get some of the 23K paid to the State of California, can you get some of that back as well? We will use our credit union BUT they say it will be a personal loan. Can we still deduct the interest? Your email address will not be published. View More…. Press Releases. Become an Affiliate. In the News.
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By using this site, you consent to the use of cookies. Take note though that this RV tax deduction applies only to the RV itself; if you pull it with a truck or other vehicle that has a loan on it, that interest is not deductible. The sales tax that you pay on large purchases, such as cars, major home renovations, and boats, is often tax deductible. The same goes for your RV. The beauty of this deduction is that, unlike the mortgage interest deduction, you can deduct the sales tax even if you paid cash for your rig.
Also, keep in mind that the sales tax deduction is one-time only.
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