April 16
Tax Break for New Car Purchases and Tax Relief for Hardworking Americans with IRS Problems
The KLOS Tax Man, Tax Tip #58: Buyers of new cars can deduct a sales tax even if they don’t itemize! This break applies to vehicles purchased after February 2009 and before next January. Sales tax on the first $49500 is deductible. But who the hell is buying cars now? More than ever, due to the current economy and real estate melt down, many hardworking Americans who never before qualified for tax relief now qualify. Are you tired of those unfiled returns and the certified letters from the …
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