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new car buying in 09 income tax thingy

Mine was about $300-$400. Don't recall exactly, but hey every little bit counts. I just barely made it, did the paperwork on mine 12/30/09.

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Old 02-09-2010, 02:16 PM   #1 (permalink)
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Mine was about $300-$400. Don't recall exactly, but hey every little bit counts. I just barely made it, did the paperwork on mine 12/30/09.
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Old 02-09-2010, 02:49 PM   #2 (permalink)
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mine was 980.....
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Old 02-09-2010, 02:52 PM   #3 (permalink)
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Originally Posted by racerxj17 View Post
mine was 980.....
Total refund or just the tax credit from buying your car?
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Old 02-09-2010, 02:56 PM   #4 (permalink)
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Total refund or just the tax credit from buying your car?
tax credit......went from 1800 to 2680 after i entered my car..... turbo tax...
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Old 02-09-2010, 03:31 PM   #5 (permalink)
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Originally Posted by racerxj17 View Post
tax credit......went from 1800 to 2680 after i entered my car..... turbo tax...
You're doing something wrong, unless you make very little income and it just basically knocked out on your federal.


There is no tax credit for buying a car. It's a deduction. Perhaps you're taking into account the Making Work Pay tax credit where you weren't before?

$400 ind / $800 couple
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Old 02-09-2010, 03:37 PM   #6 (permalink)
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Originally Posted by kannibul View Post
You're doing something wrong, unless you make very little income and it just basically knocked out on your federal.


There is no tax credit for buying a car. It's a deduction. Perhaps you're taking into account the Making Work Pay tax credit where you weren't before?

$400 ind / $800 couple
I agree, something may not be right! That's a sizeable jump there!
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Old 02-09-2010, 08:17 PM   #7 (permalink)
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I agree, something may not be right! That's a sizeable jump there!
The IRS is going to catch that with no problem.
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