The new car buying stimulus package :D

bbdamon · 02-19-2009, 01:36 PM

http://tax.cchgroup.com/Legislation/...y-Act-2009.pdf

so with the new car buying stimulus package i can write off the taxes on my new x6 that im gonna get this weekend?? (the first $49,500)

shenard · 02-19-2009, 03:27 PM

Quote:

Originally Posted by bbdamon

http://tax.cchgroup.com/legislation/...us-package.pdf

so with the new car buying stimulus package i can write off the taxes on my new x6 that im gonna get this weekend?? (the first $49,500)

hehehe. We have always been able to do that in TX and I will be writing off all my taxes on $80k!

dmlgc · 02-19-2009, 05:54 PM

Quote:

Originally Posted by bbdamon

http://tax.cchgroup.com/legislation/...us-package.pdf

so with the new car buying stimulus package i can write off the taxes on my new x6 that im gonna get this weekend?? (the first $49,500)

what page is that on ? don't see it , original amendment it was only for cars under $49,500.

dmlgc · 02-19-2009, 06:06 PM

Quote:

Originally Posted by shenard

hehehe. We have always been able to do that in TX and I will be writing off all my taxes on $80k!

Texas, Austin actually was one of the places we were looking at to move to from Calif. weather is a little too harsh for us but it met all of the other criteria. didn't know about being able to write off taxes on cars.

shenard · 02-19-2009, 08:24 PM

Quote:

Originally Posted by dmlgc

Texas, Austin actually was one of the places we were looking at to move to from Calif. weather is a little too harsh for us but it met all of the other criteria. didn't know about being able to write off taxes on cars.

Not just cars. Any local and state sales tax for all items I believe. I think there is a standard deduction for it but it you make any big expenditures such as cars, boats, etc. then it usually is higher than the standard deduction if you itemize. Don't hold me to it, but I remember my accountant telling me last year that my X6 purchase this last year should get me a few bucks back because it will put me over the standard deduction for local sales tax.

bbdamon · 02-19-2009, 11:01 PM

Oops...i posted the one from 2008....i edited it...now its the 2009...u should be able to find it on page 3 under "new car deduction"

dmlgc · 02-20-2009, 12:32 AM

Quote:

Originally Posted by bbdamon

Oops...i posted the one from 2008....i edited it...now its the 2009...u should be able to find it on page 3 under "new car deduction"

thanks.

leonelm3 · 03-14-2009, 12:45 PM

good info

02-19-2009, 01:36 PM	#1
bbdamon Private First Class 16 Rep 195 Posts Drives: X6 Join Date: Jul 2006 Location: stockton,ca iTrader: (0)	The new car buying stimulus package :D http://tax.cchgroup.com/Legislation/...y-Act-2009.pdf so with the new car buying stimulus package i can write off the taxes on my new x6 that im gonna get this weekend?? (the first $49,500) Last edited by bbdamon; 02-19-2009 at 11:09 PM..
	Appreciate 0 Tweet Quote

02-19-2009, 11:01 PM	#6
bbdamon Private First Class 16 Rep 195 Posts Drives: X6 Join Date: Jul 2006 Location: stockton,ca iTrader: (0)	Oops...i posted the one from 2008....i edited it...now its the 2009...u should be able to find it on page 3 under "new car deduction"
	Appreciate 0 Quote

03-14-2009, 12:45 PM	#8
leonelm3 SHOCKINVIBES MOTORSPORTS ! 0 Rep 65 Posts Drives: 2001AA SC E46M3+09AudiQ7 Sline Join Date: Jul 2008 Location: SW GA + Miami + BKLYN iTrader: (0)	good info __________________ [SIGPIC][/SIGPIC]Leonel aka *"Rico"* 01 AA Gen3 stg2.5 SC E46 M3 Tiag /Imola Extensive Performance & Custom upgrades *2008 BMW X6 xDrive 50i* on 22's
	Appreciate 0 Quote