Gauge

iTrader: (3)

Confusingly worded title, I know... but I have a question for the more tax-wise members. I'm reading online that the stimulus bill passed and that you can now right off the sales tax on a qualifying new car purchase.

Ummm... couldn't you already write that **** off? I'm pretty ******' sure I did that in 2007 when I bought a used '06 Silverado.

2fast97Z

iTrader: (20)

car toys quoted me $300 to get a alpine sent off and fixed about 6 months ago so i mean thats saving you 100 bucks

Gauge

iTrader: (3)

Ummm... Okay. Anyone have a relevant response?

BAD2000TA

iTrader: (6)

It's my understanding that you can deduct the sales tax on a vehicle purchase. Check out the instructions for Schedule A. Should be there.

SS02

Were doomed brother !!! ....... Most ppl dont know what few of us do !!!

Gauge

iTrader: (3)

So, what does that make this bill? A reminder?

"Oh yeah, by the way, now you can write off the sales tax when you buy a new car!"
"Couldn't I do that before?"
"Yeah."
"So, why is that in the bill, then?"
"It was just a reminder."

bballr4567

iTrader: (5)

Its not just the sales tax, its supposed to be the interest on it also along with a 1300-4500 tax credit as well.

Gauge

iTrader: (3)

Got a link with more info?

bballr4567

iTrader: (5)

I know its not a good link as its just a news story but its the jist of it.

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