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Question: How and Will Obama’s new car sales tax deduction help me?

I have qualified for a loan and am purchasing a new Audi this week for $34,000 after trade in and rebates; I am a DEPENDENT making about $7,000 gross in 2009. In indiana sales tax is 7 percent.
Thanks for the comment
I am 20 years old and graduating next year from a good school. Already have a job lined up from my internship. My mother co-signed the loan.

Answer: You can deduct sales tax of the car. See here for all of the details:

http://www.irs.gov/newsroom/article/0,,id=204519,00.html

I concur with Net Advisor’s opinion otherwise.

Items on Amazon Right Now for Sales Tax Deduction Car:

Car Sales Surging in Last Week of December, According to Edmunds.com

SANTA MONICA, Calif.–Edmunds.com, has noticed a tremendous boost in web activity in the past week. “We could potentially reach a December SAAR of 11.7 million units given the current site traffic trend,” noted Edmunds.com Senior Analyst Jessica Caldwell.

Camelback Car Central – Deduct Your Sales Tax

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