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Get a Huge Tax Refund when driving a Water Powered Car

May 25, 2008
In case you don't know, you can power your car to run on water and gas. You can actually modify your car to run on water from the comfort of your home with the right guide and the right devices.

Apart from the fact that you can put it together yourself, and it saves you a ton of money on fuel, the beauty of a water powered car is that you can actually get an IRS refund for owning one.

By driving "Green Car" also known as a water powered car, you will be helping our National economy by reducing government spends on pollution, hospitals, sick days, etc.

By reducing the painful price of economic dependability on oil, you will help to reduce our national debt in imported oil.

Below is word for word text out of the new IRS code, Since 2005 the IRS begun giving considerable rewards for "green" cars, "green" fuels and "green" upgrades.

The maximum deduction you can claim for qualified clean-fuel vehicle property with respect to any motor vehicle is one of the following. You can get up to $2,000 for a car, or up to $50,000 for a truck.

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

3. not included in (1) or (2), $2,000 for a vehicle

When setting up your water powered car you must provide receipts that show your costs in installing and setting it up.

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.
About the Author
Make sure you see Steven M's High powered squidoo site on how to save money and your lower emmisions by converting your car into a water car Get free info and learn to modify your car to run on water and gas
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