IRS: New car buyers can deduct sales tax (ZT)

Per Atlanta Business Chronicle:

Those who buy a new passenger car this year may be able to deduct state and local sales and excise taxes on the purchase in their 2009 tax returns next year, the Internal Revenue Service said Monday.

The deduction is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home or motorcycle. The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

The IRS also said the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010, to qualify for the deduction.

The special deduction is available regardless of whether a taxpayer itemizes deductions on their return.

The deduction may not be taken on 2008 tax returns.

所有跟帖： 

• 这是今年新出的政策吗？是指的买卖税吧? -信信妈- ♀ (33 bytes) () 06/12/2009 postreply 11:32:01

• It is on IRS's website (link inside). Details have to wait and -色大胆小- ♂ (148 bytes) () 06/12/2009 postreply 11:57:11

• Yes & No -beHappyLOL- ♀ (199 bytes) () 06/15/2009 postreply 12:18:19