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2009 might be your best year to buy a new vehicle!

The recently enacted stimulus law provides a federal tax break for the purchase of certain new cars, light trucks, motorcycles, and motor homes.

Learn

How To

How to qualify for and claim your 2009 stimulus vehicle tax break.

Tools

Use the Savings Estimator to find the true cost of your new 2009 vehicle.

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New Car Stimulus Movie

New Car Stimulus Profile: Sandra

Sandra lives in New York City. She purchased a new car on March 21, 2009 for $30,000. An additional $2,400 was added to the purchase price for state, local, and excise taxes. Sandra's new car is a qualified motor vehicle under ARRA, so she can claim the stimulus tax deduction when she files her 2009 federal taxes.

Sandra's New Car:

	$32,400	Car Price Including Taxes
–	$600	Estimated ARRA Tax Savings
=	$31,800	True Cost After Deduction

Assumes an eligible deduction of $2,400. This profile is provided for illustrative purposes only. It is not intended to provide actual tax savings or financial advice. Consult your tax advisor.

To estimate the True Cost of a New Car in 2009, click here.

The information contained herein is drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy. The content is not intended to be, and should not be relied upon as, tax, legal, or financial planning advice. Consult your tax advisor for specific advice.