Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com - View Single Post - Sales Tax write-off

nashstat · 11-11-2009, 06:09 PM

Basically if you bought a new car between Feb 16 and Dec 31 2009, you will qualify for it. I have no clue how it works in TX or WA, but for most of the country, you can substract the sales tax out of your taxable income so hopefully it will get you in a lower federal tax bracket.

BTW the 12/31/09 deadline is for the invoice... as long as you paid for the car before 12/31/2009 u are good, so in case your car is coming early Jan, you can ask your dealer to invoice it before the year ends and then just take delivery as soon as it comes in.

11-11-2009, 06:09 PM	#8
nashstat Drives: 2SS Camaro Join Date: Oct 2009 Location: CA Posts: 439	Basically if you bought a new car between Feb 16 and Dec 31 2009, you will qualify for it. I have no clue how it works in TX or WA, but for most of the country, you can substract the sales tax out of your taxable income so hopefully it will get you in a lower federal tax bracket. BTW the 12/31/09 deadline is for the invoice... as long as you paid for the car before 12/31/2009 u are good, so in case your car is coming early Jan, you can ask your dealer to invoice it before the year ends and then just take delivery as soon as it comes in.