Thursday, March 27, 2008

Get IRS Refunds using Water Powered Car

The beauty of water powered car, apart from the fact that you can put it together yourself and apart from the fact that it helps you in saving the costs of fuel, is that you can actually get IRS refunds for doing so.

By using such water powered car you are driving a "green" car and thus helping our National economy by reducing the costs that the government spends on pollution, hospitals, sick days.

And most importantly, you help to reduce our national debt for imported oil, not to mention the painful price of economic dependability on oil.Since 2005 the IRS could not afford to continue ignoring alternative fuel anymore, and started giving considerable rewards for "green" cars, "green" fuels and "green" upgrades.

You can get back up to $2,000 for a car, or up to $50,000 for a truck. Specifically, below is the word for word text out of the new IRS code:"Deduction limit. The maximum deduction you can claim for qualified clean-fuel vehicle property with respect to any motor vehicle is one of the following.

1. $50,000 for a truck or van with a gross vehicle weight rating over 26,000 pounds or for a bus with a seating capacity of at least 20 adults (excluding the driver).

2. $5,000 for a truck or van with a gross vehicle weight rating over 10,000 pounds but not more than 26,000 pounds.

3. $2,000 for a vehicle not included in (1) or (2)."But of course you must provide receipts that show your costs in installing and setting up your water powered car.If you are thinking that it will cost you a fortune to set up water powered cars, think again.

With the right information you would only need to spend very little money to install the device in your car that will make it run on water and gas, thereby reducing the consumption of gas.

Here's a Resource page where you can find all the info you need to make your car run on water

Here is a link for finding tax incentives for this and other state by state activities

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