New car buyers qualify for a tax deduction for the state or local sales tax, under that American Recovery and Reinvestment Act of 2009. Now the Treasury Department is allowing buyers who purchased their car in states without a sales tax to deduct other fees or taxes.
While American car manufacturers a struggling to figure out their future, does this tax deduction push you in the direction of buying a new car? Does it make that much of a difference for you to deduct your sales tax?
Read the full story about the tax deductions for new car purchases.
See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.
We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.
© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.
Additional Topics
(View All Topics)IRS automobile capital gains home buying income tax investment property mortgage mortgage loan personal finance advice primary residence property taxes real estate real estate advice tax deduction taxes
Related Blog Entries
Related Articles
Top Rated Articles
Related Videos
How Does Negative Information Affect Your Credit Score?
Your credit score is determined by looking at a co...(4:39)
Who Has An 850 Credit Score And How Do You Get One?
Credit scores, on the scale assigned by FICO, rang...(4:39)
What Will Canceling Credit Cards Do To My Credit Score?
Which credit cards should you cancel to have the l...(4:39)
Comments
No comments have been posted.