Stimulus plan and Automotive sales tax???

jetblk328i · 02-24-2009, 05:00 PM

Hey i heard somewhere that with the new stimulus plan, theres some sort of sales tax deduction?

Could someone elaborate?

Thanks.

methodtim · 02-24-2009, 06:57 PM

http://jalopnik.com/5146133/new-car-...imulus-package

The Auto Assistance Ownership Amendment makes interest payments on loans and state sales/excise car taxes deductable for any new car sold between November 12, 2008 and December 31, 2009. There are some caveats: if you make more than $250,000 a year as a family or buy a car costing more than $49,500 you're not going to qualify.

Google has more info. I'm too lazy to do all the work for you.

02-24-2009, 05:00 PM	#1
jetblk328i Colonel 335 Rep 2,458 Posts Drives: X3 M40i Join Date: Mar 2007 Location: Central PA iTrader: (1)	Stimulus plan and Automotive sales tax??? Hey i heard somewhere that with the new stimulus plan, theres some sort of sales tax deduction? Could someone elaborate? Thanks.
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02-24-2009, 06:57 PM	#2
methodtim Brigadier General 417 Rep 3,917 Posts Drives: BMW X7 M60i Join Date: Mar 2007 Location: Darkness there, and nothing more iTrader: (0) Garage List 2025 BMW X7 M60i [9.50] 2021 BMW X3 M40i [0.00] 2017 Toyota Tacoma [0.00]	http://jalopnik.com/5146133/new-car-...imulus-package The Auto Assistance Ownership Amendment makes interest payments on loans and state sales/excise car taxes deductable for any new car sold between November 12, 2008 and December 31, 2009. There are some caveats: if you make more than $250,000 a year as a family or buy a car costing more than $49,500 you're not going to qualify. Google has more info. I'm too lazy to do all the work for you. __________________
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