Did you buy a new car, motorcycle, truck (weight must qualify) or motor home?
If the answer is yes, and the purchase was made after February 16, 2009, you just bought yourself a tax deduction. The stimulus plan enables us to deduct the sales tax paid up to a maximum of $49,500 of the vehicles price.
Do you remember Cash for Clunkers? Well, this tax break applies to you and the higher income earners who usually get phased out. Also, for those that do not normally itemize, you can still take this deduction. There are little to no exclusions when it comes to writing off the sales tax paid in 2009 on a motor vehicle.
For more information or to schedule a FREE one hour consultation, please contact us at www.legacywealthtransitions.com or call 619-955-7422 to speak to a consultant.
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