This year 2009, there is a special tax deduction under the American Recovery and Reinvestment Act, it allows taxpayers to take a deduction for state, local, and excise taxes paid on the purchase of new cars, light trucks, motor home and motorcycles. This is for new vehicles purchased (date you take possesion of) from Feb 17, 2009 through Dec. 31 2009. Go to
www.irs.gov, center of page and click on tax benefits of the American Recovery Act, then the next page, Money Back for New vehicle purchases.
You do not have to itemize to take this deduction! Take advantage of this one time tax credit! Mike
