Tax Savings to end Dec 31st!

Hurry! This special tax deduction ends on
December 31st, 2009!

Taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

“For those thinking about buying a new car this year, this deduction may give them a little more drive to make their purchase this year,” said IRS Commissioner Doug Shulman. “This deduction enables taxpayers to buy now and get cash back later on their tax returns.”

The deduction is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home or motorcycle.

The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

IRS is also alerting taxpayers that the vehicle must be purchased before Jan. 1, 2010, to qualify for the deduction.

Come and visit Sands Chevrolet today. With over 500 vehicles in stock to choose from we know that you will find the vehicle, price, and service you are looking for. Just a few of the specials and vehicles that this new program applies to are just a click away. Call, click, or visit – there has never been a better time to buy a Sands Chevrolet