Generally yes and that's one reason why an RV purchase is a good idea. There are restrictions and limitations – such as the RV must be used as security for the loan and the RV is one of two qualified homes on your tax return. However, we are not CPAs and you should confirm deductibility with your CPA. Back to top

Many of our customers do enjoy the tax advantages of a home equity loan. However, since each borrower is unique, we recommend you consult a competent tax advisor for deductibility. Also, tax laws change frequently and we unfortunately cannot give personal tax advice.

FindRV, we are not specialists related to Tax Matters as it relates to RV/Boat Loans and it is always best to have your CPA answer questions such as this. However, we are told from experts in this industry that if an RV will be used as a personal residence or if you plan to rent or lease your RV/Boat as part of a legitimate business, there are substantial tax benefits that can be realized on an annual basis.

For the vast majority of RV buyers, the interest on their recreational vehicle loan is deductible as second home mortgage interest. To qualify, the rv must be used as security for the loan and must have basic sleeping, toilet, and cooking accommodations. Virtually all RV types: motorhomes, travel trailers, fifth wheels, truck campers, and even some tent trailers are equipped with these facilities.

For the vast majority of RV buyers, the interest on their loan is deductible as second home mortgage interest. To qualify, the RV must be used as security for the loan and must have basic sleeping, toilet and cooking accommodations. Virtually all RV types -- motorhomes, van campers, travel trailers, and even some folding camping trailers - are equipped with these facilities.

Yes. As long as there's a bedroom and a bathroom in the vehicle, then it can be counted as a second home and the interest is tax deductible.

Yes, in most cases. However, we advise you to speak to a tax consultant regarding your specific situation.

Yes. Because Nantucket Ice is a 501(c)3 charitable organization, gifts are tax deductible to the full extent the law allows. Pledges can be made in three-year installments.

The interest you pay on a mortgage is usually tax deductible. Please consult your tax preparer for specifics of how your taxes will be affected. Interest on credit cards or automobile loans is not normally tax deductible. In most cases the interest on your home equity line of credit is deductible as long as your home equity debt is $100,000 or less and the total debt on your home is less than or equal to your home's appraised value.

The deductibility of interest has been limited in recent years. The following types of interest are at least partially deductible:

Yes. The Texas Heart Institute is a 501(c)3 organization. Gifts are deductible on federal tax returns subject to the limits allowed by the Internal Revenue Service. A copy of the letter documenting tax-exempt status is available from the Development Office. When you make a gift, the Development Office will provide you with the necessary documentation for tax purposes.

The individual donor must address his or her check directly to the Pennsylvania Breast Cancer Coalition. Donations of any kind will be acknowledged in writing by the PBCC. The donation cannot be given for a service. For example, the registration fee for the Pennsylvania Breast Cancer Coalition Annual Conference is not considered a tax-deductible donation because the donor is attending the conference, thus is receiving a service for his or her contribution. return to top

The National Kidney Foundation is a non-profit (501C 3 Corporation) so your donation may be tax deductible. Since each case is different, it is best to consult your tax advisor or accountant for details.

In certain cases, the cost of care may be tax deductible. Since individual situations vary, be sure to consult your accountant.

You may be able to deduct 20% to 30% of your daycare expenses directly from your tax bill, as long as your expenses are to enable you to work or look for work. The best part of this is that you don't have to itemize your deductions to claim this credit.

The interest portion of your home equity loan may be tax deductible, similar to the deduction on a first mortgage. Depending on your Loan to Value, the interest may be deductible up to $100,000. Check with your tax advisor for details or review the IRS Publication #936 "Home Mortgage Interest Deduction" www.irs.gov. The tax savings can be substantial when compared to your non-deductible monthly debts. For the Installment (Closed - End) Home Equity for all qualifying members.

Most borrowers realize tax-deductible benefits from points paid on a new mortgage, during the year the points were paid. Points paid on a refinanced mortgage are usually tax-deductible over the life of the loan. Of course, tax circumstances differ from one borrower to another, so it’s best to ask your tax advisor or financial manager to help you determine your specific tax benefits.

Usually. Most taxpayers can deduct the interest paid up to 100% of the home’s value of your home. However, some restrictions may apply so it’s best to consult with your tax advisor or financial manager.