AutoTaxDeduction

While we wait for the Cash-for-Clunkers bill to come out on the other side of Congress, there's already incentives available from the government that you can take advantage of when purchasing a new car. The main one is deducting the fees and taxes paid on a new car in next year's tax returns. ...

One of the interesting tidbits revealed by President Obama during Monday's press conference on the auto industry was the announcement of a tax deduction for sales tax on new vehicle purchases. Later in the day, the Internal Revenue Service made the money saving incentive official and fleshed out ...