Tony Shelton
BS Detector, Esquire
We have not reached the threshold to us this tax credit yet:
http://www.irs.gov/pub/irs-access/f4136_accessible.pdf
But they recently lowered the threshold. It's either around $18,000 in fuel per quarter or $18000 per year. It's confusing.
But if you do use $18,000 per quarter in fuel on your machines (not trucks) you can get a tax CREDIT of approximately $5k.
It may not be that much but it's something.
http://www.irs.gov/pub/irs-access/f4136_accessible.pdf
But they recently lowered the threshold. It's either around $18,000 in fuel per quarter or $18000 per year. It's confusing.
But if you do use $18,000 per quarter in fuel on your machines (not trucks) you can get a tax CREDIT of approximately $5k.
It may not be that much but it's something.