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Tax deductions for your RV!

Come April 15th, RV owners can chalk up some tax deductions if they qualify.

Tax experts say whether your RV is used as a first or second home, you can claim the mortgage loan interest deduction. If you go over the standard deduction amount, and plan to itemize, you can take the loan interest on your RV as one of these deductions. You must us your RV as the security on the loan and have cooking, sleeping and toilet accommodations. If your RV is rented to someone else, you need to use it personally for more than 15 days a year to have it considered a “second home”.

Work from your RV? Consider it a deductible business expense. It’s a good thing to know.

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