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new car buying in 09 income tax thingy

I just read that you can claim the sales tax on a new car on top of the standard deduction. Hopefully I get some extra monies.

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Old 02-09-2010, 09:29 AM   #1 (permalink)
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I just read that you can claim the sales tax on a new car on top of the standard deduction. Hopefully I get some extra monies.
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Old 02-09-2010, 01:37 PM   #2 (permalink)
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Originally Posted by vipor View Post
I just read that you can claim the sales tax on a new car on top of the standard deduction. Hopefully I get some extra monies.
In a sense, that's how it works.

It increases your deductions, making your taxable income less, then your taxes are based off that lowered income, and compared against what you paid.
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