Lia Scion of Wilbraham

Who says you can't get a break when you buy a new car?  The American Recovery and Reinvestment Act [IRS-2009-60] may give you the break you're looking for -- a deduction for state and local sales and excise taxes or other fees you pay when you buy a new car, light truck, motor home or motorcycle through 2009.

The deduction is limited to the first $49,500 of the vehicle purchase price.  The amount of the deduction starts phasing out if you make more than $125,000, or $250,000 if you're filing a joint return.

So, you can buy now and get cash back on your tax return next year.  Now, doesn't that give you the drive to buy a new vehicle today?

For more information, visit irs.gov/recovery.