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possible tax break for new car purchase

Discussion in 'Newbie Forum' started by BrennanShilohRescue, Feb 10, 2009.

  1. BrennanShilohRescue

    BrennanShilohRescue New Member

    Joined:
    Jan 15, 2009
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    bradenton, fl
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    2005 Prius
    FYI,

    i just read that the Senate version of the stimulus bill has an amendment that would allow those who buy a car in 2009 to deduct the interest they pay on their car loan as well as the sales tax charged in the purchase. the House bill does NOT include this provision.
    so, as of right now, it's not certain, but those buying this year may want to followup the end of this week when the final bill should be determined. and i'll post again if i find out which way it went.
     
    #1 BrennanShilohRescue, Feb 10, 2009
  2. NYPrius1

    NYPrius1 Active Member

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    Jul 7, 2007
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    Location:
    Middletown, NY
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    2007 Prius
    Way back before Regan, we always had these deductions. We also could deduct the interest on credit cards.
    They all these everyday deductions were taken away. I don't consider these any big deal.
     
    #2 NYPrius1, Feb 10, 2009
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