Write Off Sales Tax

Just in case some of you guys might not be aware of this ; New Car Purchases Taxpayers who buy new car before Jan. 1, 2010, may deduct sales and

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Write Off Sales Tax

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12-04-2009, 09:38 AM

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Micas

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Write Off Sales Tax

Just in case some of you guys might not be aware of this;

Quote:

New Car Purchases

Taxpayers who buy new car before Jan. 1, 2010, may deduct sales and excise taxes and other fees on as much as $49,500 of the purchase price. This provision has generous phase-outs: It disappears between $250,000 and $260,000 of modified adjust gross income for married couples and $125,000 and $135,000 for singles.

Those of you that bought/buy in '09 can write off the sales tax of the purchase. It's not a huge amount, but everything helps.

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