Get a Huge Tax Refund when driving a Water Powered Car

by: StevenM
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First of all, in case you don't know, it's possible to power your car with water, 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.

You will be helping our National economy by reducing government spends on pollution, hospitals, sick days, etc. by driving a water powered car (also known as a "green" car)

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

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

You can get up to $2,000 for a car, or up to $50,000 for a truck. Below is the "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. A bus with a seating capacity of at least 20 adults (excluding the driver).And, or a truck or van with a gross vehicle weight rating over 26,000 pounds $50,000

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

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.

About the Author

Make sure you see Steven M's High powered squidoo site on how to save money and your double your fuel mileage by converting your car into a water car Also learn to modify your car to run on water and gas