You are watching: How to get a free golf cart

want a complimentary golf cart? an obscure supplication in the financial stimulus act can land you one, however you better act fast--and you can"t speak to it a golf cart.

Economic stimulus law passed in so late 2008 and early 2009 developed two new tax credits for electrical vehicles, consisting of one for four-wheel, low-speed, plug-in electrical drive vehicles. What does that sound like? A golf cart. What does the look like? A golf cart. Yet don"t speak to them golf carts.

The regulation specifically claims this credit does not apply to vehicles manufactured generally for "off road" use, such as on a golf course. In guidance approve in late June, the interior Revenue company defined qualifying vehicles as, well, street-legal golf carts.

The remarkable thing about this credit is the it can cover 100% of the acquisition price of the vehicle, up to $15,000. There are no income borders on taxpayers claiming the (as there room for other lucrative breaks such together the first-time residence buyer"s tax credit or the boy tax credit). And, it doesn"t obtain taken away through sneaky back-door taxation provisions, such as the alternate Minimum tax either.

All you should do to claim the credit transaction is to buy and take location to a qualifying golf cart...I typical "neighborhood electrical vehicle" through Dec. 31, 2009. Naturally, you also need come owe enough income taxes to do claiming the credit worthwhile. The actually provides this break ideal for fairly high-income taxpayers, that are likely to pay countless dollars to Uncle Sam.

It"s worth pointing out that taxes credits space far an ext valuable than taxation deductions. Tax deductions simply reduce the quantity of income that"s subject to tax, which conserves a taxpayer in the 30% bracket approximately 30 cents for every disagreement spent. Taxation credits, on the various other hand, provide a dollar-for-dollar palliation in the taxation you owe. Thus, if you owe Uncle Sam $6,500, however have a $6,500 taxes credit because that buying a community electric vehicle, you fan zero. Zip. Zilch. Nada. Uncle Sam just paid for your golf cart.

So why space you only hearing around this sweet transaction now? after ~ the IRS authorize guidance last summer, it left it come manufacturers to come increase with products that met their guidelines. Manufacturers had to scramble to perform that and also then obtain "certified" because that their taxes credits. Twenty 3 manufacturers, including American Sportworks and Cruise car Inc. Managed to do just that, however some just recently. Society Car, because that example, announced that its an initial qualifying vehicle, the Villager 2+2 would start shipping in the an initial week the November, just in the nick the time for the credit.

The one tricky thing: The size of your taxation credit will depend on the auto you buy since it"s calculated based upon the battery"s range. Sometimes the taxation credit will cover the whole price of the golf cart. In various other instances, it will certainly cover only half or less of the cost. Club Car, for example, claims that its new Villager 2+2 it s okay a $4,168 credit, i beg your pardon is just shy of fifty percent the vehicle"s $8,876 basic price. Meanwhile, Colin Reilly that FreeElectricCar.com states he"s offering Zone electric four-seaters for $6,496.53--precisely the lot of this vehicle"s federal earnings tax credit.

"Our manufacturer worked very hard to build their battery range to acquire the finest credit feasible and then we worked to reduced our price so that we can offer this to the customer for free," Reilly told me in one interview.

You will certainly still have to pay for shipping. But that"s about $500 because that a $6,500 golf cart. You"ll likewise have come wait about 12 weeks because that delivery because Reilly states he"s getting around 300 order a day.

Too good to it is in true? That"s what i thought, for this reason I searched for complaints around Reilly and also his firm on the web. Didn"t find any. Then I dubbed the Better organization Bureau. The agency is registered with the BBB"s Tucson office. They"ve been in business due to the fact that 2000, obtain an A-minus rating, and also have no outstanding complaints. That"s no necessarily a an excellent Housekeeping seal of approval, but there are no blazing red flags that this is a cheat either. That seems favor the "too-good-to-be-true" part is a duty of the taxes code, not the retailer.

But the deals are good elsewhere too. Your mission, if you select to accept it, is to pick a qualifying vehicle and also take title prior to the taxes breaks run out.

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Want to understand what vehicles qualify and also how lot of a taxation break each can get? follow the links in this listing of qualifying manufacturers come the IRS" page showing their taxation credit amounts. Make sure you talk to your tax accountant, too, come ensure that you"re paying enough tax to acquire some mileage indigenous this credit. And also be meticulous about following the rules.

Here space the manufacturers, with web links to the low-speed electrical vehicles that qualify and also the taxation credits castle get:

American SportworksBad young Enterprises Inc.Bad young Mowers Inc.B.I.G. ManClub vehicle Inc.Columbia ParCarCruise automobile Inc.Fairplay electrical VehiclesGlobal electric Motorcars (GEM)J H an international Services Inc.Kandi-Solus InternationalOdyne solution LLC (Navistar International)Rolling R Golf dare LLCRuff & Tuff electrical VehiclesStealth manufacturing LLCTitan UTVTomerlin Automotive GroupVantage InternationalWheego electrical Cars IncWestern Golf cars Mfg Inc.WildfireZenn engine CompanyZone electrical CarsMore top top MoneyWatchCan You be Fired because that Fantasy Football?Charities Fake your Numbers come Look GoodA Sneaky way to Hike Your credit Card interest RateHow to avoid Cyber-Shopping Rip-Offs