You’ve probably noticed the great deals on new cars these days. Even the government has a special offer. Buy a new car between February 16 and December 31, 2009 and you’ll probably get to deduct the sales tax on your tax return. Things you should know – you must buy a new car, high-income taxpayers don’t qualify, you benefit even if you file a simple tax return and take the standard deduction, and you can only deduct the sales tax on the first $49,500.
To learn more, visit http://turbotax.intuit.com
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