Car buyers get tax deduction
Editor:
The “Cash for Clunkers” program for new cars may have ended, but the IRS wants to remind taxpayers that many people might
overlook another special break available. If you buy a new vehicle this year, there’s a special federal tax deduction available that can help you save money, in some cases hundreds of dollars.
This tax break will allow people who buy a new vehicle in 2009 to deduct the sales and excise taxes they pay when they file their tax return next year. The tax deduction is available on the 2009 federal tax return even for those who claim the standard deduction.
The deduction is part of the American Recovery and Reinvestment Act of 2009 and applies to taxes paid on up to $49,500 of the purchase price for qualified new cars, light trucks, motorcycles or motor homes. Generally, vehicles weighing 8,500 pounds or less qualify. This means that most new cars and many new trucks will qualify. New motor homes qualify regardless of weight.
Buyers are entitled to a partial deduction if they earn between $125,000 and $135,000 ($250,000 and $260,000 for joint filers). The deduction is eliminated for those who earn more than these amounts.
To qualify the vehicle must be new and purchased in 2009 after Feb. 16 and no later than Dec. 31. There is still time left but the clock is ticking.
More information is available at www.irs.gov/recovery.
Terry L. Lemons
Director of communications
Internal Revenue Service
Washington, D.C.
Via the Internet
Street crossing needs controls
Editor:
I am sick and tired of waiting for a traffic light at Ruben Torres (FM 802) and Hudson boulevards. There been at least two accidents in the past month and several throughout the years, thank God with no fatalities or serious injuries.
Crossing there is like playing Russian roulette every day. The city did install a traffic light down the road for the convenience of the Walgreens drug store, but did not think of the safety of the thousands of families crossing Hudson and Ruben Torres. Not to mention the people who come out of Rack Daddy’s billiards who had some alcoholic beverages.
I have no idea what commissioner is supposed to be taking care of business in this sector or what city entity is in charge. The community is expecting results simply because it is written in this letter and a warning has been issued from me and the community people who reside in the Hudson Boulevard vicinity.
Eduardo Salgado
Brownsville
Via the Internet
