Cars.com reminds consumers about vehicle tax incentives
19 Nov 2009
The sales tax deduction for new car purchases made in 2009 is limited to the state and local sales and excise taxes paid on a new car valued at $49,500 or less. Taxpayers are eligible if they gross less than $125,000, or $250,000 if filing jointly.
“The tax deduction was launched prior to the Cash for Clunkers deal, said Cars.com editor-in-chief Patrick Olsen, in the announcement. “Howev