By Admin on June 10, 2009
Under the American Recovery and Reinvestment Act of 2009, taxpayers who buy a new motor vehicle this year are entitled to deduct state or local sales or excise taxes paid on the purchase. The IRS and Treasury have determined that purchases made in states without a sales tax – such as Alaska, Delaware, Hawaii, Montana, New Hampshire and Oregon – can also qualify for the deduction.
Posted in Tax Deductions, Tax News | Tagged American Recovery and Reinvestment Act, new vehicle tax break, tax break