new car buying in 09 income tax thingy

vipor · 02-10-2010, 01:14 PM

Pretty sure it's 3 years for personal taxes.

Nikon FM · 02-10-2010, 02:39 PM

Quote:

Originally Posted by vipor

The new vehicle must be purchased on or after Feb. 17, 2009, and before Jan. 1, 2010, to qualify for the deduction. Purchases before Feb. 17, 2009, are not eligible for this special deduction.

Thanks for posting the information!........... but the quoted part bites. I too missed this by a few weeks.

BlackCherryZ · 02-10-2010, 03:43 PM

Quote:

Originally Posted by vipor

To qualify for this deduction, the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010. Taxpayers can claim this special deduction only on their 2009 tax returns to be filed next year.

i made the deal on the last wk of december, signed it on Januray 1, 2010, and got the car a wk later...........

so, technically i am not qualified for the deduction?

or can i claim it for next year..........?

JvKintheUSA · 02-10-2010, 06:34 PM

I did not know about the deduction discussed here - filing my taxes tomorrow. Bought a new car and a new house last year, so I'm expecting a big check from Uncle Sam in a few weeks. Thanks for sharing y'all!

alcorrea · 02-10-2010, 07:43 PM

I got $500 extra because of the new Z

Joseph B · 02-11-2010, 03:32 PM

Got mine 12/30/2009 too! Made few hundred dollar difference for taxes.

JvKintheUSA · 02-11-2010, 04:55 PM

I just did my taxes and deducted the sales tax - resulted in bigger IRS refund

02-10-2010, 01:14 PM	#31 (permalink)
vipor A True Z Fanatic Join Date: Aug 2009 Location: Euless, TX [ DFW ] Age: 42 Posts: 13,531 Drives: Nismo 09-0183 QAB Rep Power: 49	Pretty sure it's 3 years for personal taxes. __________________ 2009 NISMO # 0193 \| QAB \| Albums! \| 05.04.10 (Dynojet) 291.94hp/248.28tq Oil Cooler (DIY) \| Custom Headlights \| GTSPEC Braces \| F.I. Long Tube Headers

02-10-2010, 06:34 PM	#34 (permalink)
JvKintheUSA Enthusiast Member Join Date: Jun 2009 Location: Canton, GA Posts: 465 Drives: 2013 Shelby GT500 Rep Power: 428	I did not know about the deduction discussed here - filing my taxes tomorrow. Bought a new car and a new house last year, so I'm expecting a big check from Uncle Sam in a few weeks. Thanks for sharing y'all! __________________

02-11-2010, 04:55 PM	#37 (permalink)
JvKintheUSA Enthusiast Member Join Date: Jun 2009 Location: Canton, GA Posts: 465 Drives: 2013 Shelby GT500 Rep Power: 428	I just did my taxes and deducted the sales tax - resulted in bigger IRS refund __________________

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02-10-2010, 07:43 PM	#35 (permalink)
alcorrea Base Member Join Date: Sep 2009 Location: Redondo Beach CA Posts: 17 Drives: nissan 370z white Rep Power: 16	I got $500 extra because of the new Z

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