Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post

nautibuoys · 03-31-2008, 02:22 PM

You file seperately from your taxes. Rebate expenses have to be less than 6 months old (any 6 month period, say May to October). Rebate was MUCH better when gas was less ($1 vs $3), as you have to net a 5% tax against the 21 cent per gallon rebate (which, doesn't sound bad but when you do the math, it essentially guts the rebate). Net, today, its a PITA for the $$ effort involved.

03-31-2008, 02:22 PM	#6
nautibuoys Registered User Join Date: Nov 2002 Location: NorthShore Posts: 65	Gas tax rebate You file seperately from your taxes. Rebate expenses have to be less than 6 months old (any 6 month period, say May to October). Rebate was MUCH better when gas was less ($1 vs $3), as you have to net a 5% tax against the 21 cent per gallon rebate (which, doesn't sound bad but when you do the math, it essentially guts the rebate). Net, today, its a PITA for the $$ effort involved.