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Old 02-14-2009, 03:57 PM   #10 (permalink)
dad
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Location: Tennessee
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A tax break on new wheels. If you buy a new car, light truck, motorcycle or motor home this year and spend up to $49,500, you can deduct state and local sales taxes (most states levy about 6%). Individuals who make less than $125,000 and families making less than $250,000 qualify. You get the deduction whether or not you itemize on your return. A family that makes $150,000 a year and buys, say, a Dodge minivan could save about $420. Buy a plug-in hybrid and you could get a credit of up to $7,500.
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