new car tax break


IRS makes deductible sales tax on new autos official

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 some of the finer points. The new tax deduction will be made available for those filing their taxes individually with adjusted gross incomes less than $125,000 or for joint filers with adjusted gross incomes of less than $250,000. Any new automobile, ... Read more →

Senator calls for tax incentives on all new-car sales Dan Roth

When automakers are throwing thousands of dollars of incentives on the hoods of their wares in an effort to stimulate sales, what good would another $1,500 on a $25,000 car do? As the recent sales ...

IRS makes deductible sales tax on new autos official 8 months ago on Autoblog

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 ...

Senator calls for tax incentives on all new-car sales 1 year ago on Autoblog

When automakers are throwing thousands of dollars of incentives on the hoods of their wares in an effort to stimulate sales, what good would another $1,500 on a $25,000 car do? As the recent sales numbers show, buyers aren't being taken in by the constant sounding of the "SELL SELL SELL!" klaxon. ...






Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

 
 

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