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If you made a new car purchase after February 16, 2009 and before January 1, 2010, don’t forget that you may be able to deduct the sales or excise tax paid on up to the first $49,500 of the purchase price of the new vehicle, as an itemized deduction or as an addition to your standard deduction. Ask your tax preparer for details.

Last Edited by TaxTalk Admin_1 at 3/4/2010 10:42 AM
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