Crestmont Toyota's automotive expertise is a product of our sustained interest in industry trends and characteristics. We are privileged to share the latest news, promotions and events with you and hope the information will enhance your shopping experience. As you know, there are many new cars from which to choose, and we believe an informed customer is the best customer.
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Sales Tax Deduction Available On New Car Purchase!
The governments popular "CARS" or "Cash for Clunkers" program is now
behind us but did you know that there is another aspect of the
governments stimulus program that you may still take advantage of?
Depending on the vehicle purchased this program could ultimately prove
to be as beneficial to the consumer as the "CARS" program.
IR-2009-30, March 30, 2009
WASHINGTON - The Internal Revenue Service announced today that taxpayers who
buy a new passenger vehicle this year may be entitled to deduct state and local
sales and excise taxes paid on the purchase on their 2009 tax returns next
year.
The vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010,
to qualify for the deduction.
(Due to individual tax situations we recommend consulting
with your tax professional to see how this deduction applies to you.)
