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2009 Tax Credit for NEW Bike/Car


SWing'R

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The first time home buyer thread just reminded me that if you bought a NEW bike or car in 2009 you can deduct the sales tax on your federal return!

Has to be NEW. We bought TWO new bikes in '09, yay.

http://www.soundmoneymatters.com/new-car-tax-credit/

Here's a link to the IRS form you can use to claim this credit, its a form that lets you INCREASE

your standard deduction by including the sales tax from your new vehicle...

http://www.irs.gov/pub/irs-pdf/f1040sl.pdf

Edited by SWing'R
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