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      02-24-2009, 06:00 PM   #1
jetblk328i
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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, 07:57 PM   #2
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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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