Lovering Volvo in Nashua

The 2011 Tax Stimulus Package provides significant tax benefits to business owners.  New for 2011, if you purchase an eligible vehicle, the available benefits in the first year may include up to 100% purchase price deduction, or a partial purchase price deduction followed by a 100% depreciation deduction.

VEHICLE DEDUCTION ELIGIBILITY (There are some limitations to the expense deduction, including vehicle eligibility):

• UP TO $11,060 total deductions per vehicle for new 2011 or 2012 Volvo C70, C30, S40, S60, S80, V50, V70, XC60, XC70
• UP TO $25,000 total deductions per vehicle for new 2011 or 2012 XC90

Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits.  For more details, visit irs.gov, or to calculate your bonus depreciation, visit depreciationbonus.org there are some limitations to the expense deduction, including vehicle eligibility.

Call or visit Lovering Volvo for more details.