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.