Discussion:09 New Vehicle Sales Tax Deduction

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{{ForumNewPost|UserID=CAI|Date=22 April 2009|Text=Looking for information if sales tax paid toward a leased vehicle would qualify for this non schedule A deduction?}} {{ForumNewPost|UserID=CAI|Date=22 April 2009|Text=Looking for information if sales tax paid toward a leased vehicle would qualify for this non schedule A deduction?}}
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 +{{ForumReplyPost|UserID=Bjeter|Date=23 April 2009|Text=Section 1008 of the American Recovery and Reinvestment Act clearly identifies the deduction for purchased vehicles. There is no mention of a leased vehicle. Reading the law literally I would argue that leased vehicles are excluded. Furthermore, I think the intent of the law was to encourage vehicle purchases not leases, so I don't think the intent was even there to cover leased vehicles.}}

Revision as of 00:51, 23 April 2009

Discussion Forum Index --> Basic Tax Questions --> 09 New Vehicle Sales Tax Deduction
Discussion Forum Index --> Tax Questions --> 09 New Vehicle Sales Tax Deduction For Lease

CAI (talk|edits) said:

22 April 2009
Looking for information if sales tax paid toward a leased vehicle would qualify for this non schedule A deduction?

Bjeter (talk|edits) said:

23 April 2009
Section 1008 of the American Recovery and Reinvestment Act clearly identifies the deduction for purchased vehicles. There is no mention of a leased vehicle. Reading the law literally I would argue that leased vehicles are excluded. Furthermore, I think the intent of the law was to encourage vehicle purchases not leases, so I don't think the intent was even there to cover leased vehicles.
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