Paying Cash is Paying Too Much
Internal Revenue Code (IRC) section 163 (h)(2) states that a taxpayer may deduct any qualified interest on a qualified residence. Qualified residences are defined as a principal residence (e.g., a primary home) and one other residence (including second homes) owned by the taxpayer for the purpose of deductibility for the tax year. IRC section 163(h)(3) […]
Tax Deductibility of Interest on Boat Loans
Boat buyers have many choices when it comes to paying for their purchase, but do they always make the right one? Here are some tips on how you can determine if you are making the wisest choice by paying cash for your boat…. and why you may want to consider financing your boat instead. TAX […]
Benefits of Financing your Boat
More Boat, Less Monthly Boat buyers have many choices when it comes to paying for their purchase. Here are a few of the advantages of financing your purchase through a dealer with a marine lending specialist: Lower down payments – the down payment is based on the age, type and price of the boat you […]