Tax breaks available for certain vehicle purchases
With 2010 models arriving in dealer showrooms, the Internal Revenue Service reminds taxpayers that purchasing a new car, light truck, motor home or motorcycle could qualify them for a special deduction for the state and local sales and excise taxes on their 2009 tax returns.
Purchases made before January 1, 2010 will qualify for this deduction under the American Recovery and Reinvestment Act of 2009 (ARRA).
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