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Boat fuel Tax deduction
https://www.smwebhead.com/phpBB3/viewtopic.php?f=2&t=2825		 Page 1 of 1
Author:  Busacharger [ Sun Feb 08, 2009 11:41 am ]
Post subject:  Boat fuel Tax deduction
Anyone familiar with the road tax deduction on fuel used for boats? Is it a Federal or State deduction? A form number for claiming this?
Thank you much, Mike
Author:  Walt [ Sun Feb 08, 2009 11:51 am ]
Post subject:  Re: Boat fuel Tax deduction
Yup, I am. Ours is a Missouri thing....

http://dor.mo.gov/tax/business/fuel/

I do mine every year. It only gives me about $20 each time ($0.17/gal), but that's about what my oil change runs so every little bit helps. This is completely separate from your Fed/State income tax return.

Make sure you follow all the info. I believe you have to be in thier system with one form for a week or two (and this is good forever) before you can actually apply for the refund with the other form. Even then, you need to have every stinkin' reciept. :roll:

Paul/Mike 230, hope you guys are doing the same! :wink:
Author:  248 Vista [ Sun Feb 08, 2009 12:53 pm ]
Post subject:  Re: Boat fuel Tax deduction
Here in CT they give you 25 cents per gallon back on every gallon. The catch is that then they hit you with our 6% sales tax. If I did the math, I would probably owe them money.
Author:  Busacharger [ Sun Feb 08, 2009 2:13 pm ]
Post subject:  Re: Boat fuel Tax deduction
Thanks for the link Walt. Looks like we can even deduct our lawn mower's fuel. Going to need to fire my Tax guy for such major over sights.
Author:  230 Mike [ Sun Feb 08, 2009 3:29 pm ]
Post subject:  Re: Boat fuel Tax deduction
Walt wrote:
Paul/Mike 230, hope you guys are doing the same! :wink:


I know about it, but ya know, you have to actually use some fuel to claim a refund on it. :evil:
Author:  Walt [ Sun Feb 08, 2009 4:08 pm ]
Post subject:  Re: Boat fuel Tax deduction
230 Mike wrote:
Walt wrote:
Paul/Mike 230, hope you guys are doing the same! :wink:


I know about it, but ya know, you have to actually use some fuel to claim a refund on it. :evil:


Just send them the reciept for boat wax. They might not catch on. :wink:

Busacharger wrote:
Thanks for the link Walt. Looks like we can even deduct our lawn mower's fuel. Going to need to fire my Tax guy for such major over sights.


Hopefully that's not the misses. Remember, it's completely separate from the income tax. But yes, I include any gas NOT used on the roads and lump it into the boat gas (ie Mower, snow blower, gas powered air compressor for the blow-up dolls....oops, did I type that out loud?).
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