February 18, 2009
President Obama Signs Auto Tax Deductions into Law
Yesterday, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009. The new law contains a provision designed to entice auto consumers back into vehicle showrooms. This provision applies to eligible purchases between February 17, 2009 and December 31, 2009. Qualifying consumers may now deduct:
? State motor vehicle sales taxes
? Local motor vehicle sales taxes
? Motor vehicle excise taxes
? Individual taxpayers whose adjusted gross income is less than $125,000 per year
? Joint-filers whose combined adjusted gross income is less than $250,000 per year
? Itemizers and non-itemizers who may deduct taxes “above-the-line” on their federal tax returns
? All new model year vehicles currently on dealers’ lots that have no prior purchase history
? New passenger cars and light trucks retailing up to $49,500 may collect full tax deductions. For
all vehicles above this price, consumers may deduct sales taxes on the first $49,500
? The vehicle must weigh less than 8,500 pounds total
At ARIZONA CARS DIRECT, we offer you an exciting new concept for buying and selling your cars. We provide you, the customer, with the ease of shopping for a vehicle right from your very own home without having to deal with any salesmen and/or managers. By also removing the high overhead of a retail showroom, we are able to offer you exceptional deals. The guesswork of buying a vehicle over the internet is totally eliminated through photo documentation and willingness to participate in mechanical and independent inspection service by the agent of your choice.
You are welcome to come view our inventory, see our facilities, and meet our staff. We will be happy to accommodate your needs by appointment only.