Did you know:
Sales Tax Deduction for New Vehicle Purchases
The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles through 2009. The deduction is available regardless of whether a taxpayer itemizes deductions on Schedule A. Purchases before Feb. 17, 2009, are not eligible for this special deduction.
The deduction is limited to the tax on up to $49,500 of the purchase price of an eligible motor vehicle. The deduction is phased out for joint filers with modified adjusted gross income between $250,000 and $260,000 and other taxpayers with modified AGI between $125,000 and $135,000. irs link:
http://www.irs.gov/newsroom/article/0,,id=204519,00.html
Sales Tax Deduction for New Vehicle Purchases
The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles through 2009. The deduction is available regardless of whether a taxpayer itemizes deductions on Schedule A. Purchases before Feb. 17, 2009, are not eligible for this special deduction.
The deduction is limited to the tax on up to $49,500 of the purchase price of an eligible motor vehicle. The deduction is phased out for joint filers with modified adjusted gross income between $250,000 and $260,000 and other taxpayers with modified AGI between $125,000 and $135,000. irs link:
http://www.irs.gov/newsroom/article/0,,id=204519,00.html
And with the employee pricing + +, plus current incentives, now is the perfect time to get that new Chrysler, Jeep or Dodge! Give us a call or stop by. Employee pricing ends 3/31/09, so hurry!!
Why pay more in the city, when you can buy for less in the country?
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