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Income Tax Return Came in Today!!

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Old 01-30-2010, 09:05 AM
  #11  
americaniron
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Congrats.
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Old 01-30-2010, 09:27 AM
  #12  
JOHNNY
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You can write off the sales tax.
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Old 01-30-2010, 09:31 AM
  #13  
2010V6Stang
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But couldnt you always write off the sales tax? There was something different about buying in 09, I know there was a bill passed in Feb.
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Old 01-30-2010, 09:41 AM
  #14  
VRFlip
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Unfortunately it works as a deduction against your taxable income. So no, you don't get all the sales tax back.
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Old 01-30-2010, 03:13 PM
  #15  
NOLA26
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Originally Posted by 2010V6Stang
You bought your 09 stang in 09? I think the bill started after the middle of Feb, so hopefully you got it after that. Let me know what you find.
I bought it in July. Anyway I googled it and I went to the IRS website. There is a tax credit. You can deduct state, local and excise taxes. There are income limits. Go here to find out more:

http://www.irs.gov/newsroom/article/...205863,00.html
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Old 01-30-2010, 03:34 PM
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Mudflap
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Man, I can't remember what it was like to actually get money back, lol. I stopped letting uncle sam make money with my money all year long quite a while ago. I think I owe $3700 this year, could be worse.
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Old 01-30-2010, 03:38 PM
  #17  
alkemist
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Congrats and have fun. Wish I could get a tax return
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Old 01-30-2010, 04:18 PM
  #18  
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I'll be using mine with any luck, to be picking up my 07 GT on Monday.
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Old 01-30-2010, 04:20 PM
  #19  
wilkinda
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That's bullshyte!! I don't get it because I made over the limit for individual!!! That is total crap!! I busted my butt for what I made last year and i did so to be able to afford that car and (2) ex-wives... including months out of the country. Now I get penalized??
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Old 01-30-2010, 08:23 PM
  #20  
2010_LS1H8R
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Originally Posted by 2010V6Stang
Hey thats great stuff man, Did you get money back from buying your 2010? I heard that we are suppose to get most or all of our sales tax back from buyer a car in 09, is that true?
i didnt because my ex and i split my son in 2 and she got the deduction part
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