Comments on: 7 Common Questions About The 2009 New Car Sales Tax Deduction

By: Peter Anderson

Peter Anderson — Tue, 02 Feb 2010 19:44:32 +0000

I haven’t heard anything about an extension of the deduction.

By: Peter Anderson

Peter Anderson — Tue, 02 Feb 2010 19:43:00 +0000

It was noted later in the article that the deduction was only available on purchases made after February 16th. I have updated the article, however, to clarify in that first paragraph. Thanks for helping to clear up any confusion!

By: Peter Kushkowski

Peter Kushkowski — Tue, 02 Feb 2010 19:25:35 +0000

This statement in Peter Anderson’s opening paragraph is misleading, and should be corrected to avoid the confusion it created:

“…every taxpayer who buys a new (not used) car in 2009 the ability to claim a deduction on their 2009 income tax for the sales tax that they pay on their new car purchase.”

As above discussions reveal, the sales tax deduction applies ONLY to new cars that were purchased aFTER February 16, 2009.

By: Dana

Dana — Tue, 02 Feb 2010 18:41:31 +0000

any word if this will be repeated for 2010?

By: Peter Anderson

Peter Anderson — Tue, 26 Jan 2010 21:06:02 +0000

The deduction does not apply to leased vehicles, rentals or used cars. Sorry.

By: Joanne Blake

Joanne Blake — Tue, 26 Jan 2010 20:51:21 +0000

I got a new car in 2009, however it is a lease, am I still able to get the sales tax deduction?

By: Peter Kushkowski

Peter Kushkowski — Thu, 14 Jan 2010 18:11:16 +0000

Having purchased and taken delivery of our 2009 Mazda6 on January 21, 2009, we’re in the same boat as Rich. What steps can we take to have Congress role the date back to January 1?

By: J.D.Rymer

J.D.Rymer — Thu, 31 Dec 2009 01:57:40 +0000

I talked to my accountant about this and he said as long as the dealer will issue a bill of sale and money changes hands- no problem.
J.D.Rymer

By: bedward

bedward — Thu, 24 Dec 2009 15:05:35 +0000

I have the exact same question. I ordered a vehicle but it won’t be built until the 2nd week of January 2010. If I paid for it before year end will it still qualify?

By: J.D.Rymer

J.D.Rymer — Mon, 14 Dec 2009 05:00:11 +0000

Regarding the “purchase” of new car. If I sign and pay off the new car contract before 1/1/2010, can I still count the deduction even though I wont pick the car up til the 2nd or 3rd week in January ‘10?