Monday, March 30, 2009

Braking News - Tax Credit for Car Buyers

There has never been a better time to buy a car. The US government just announced that there will be tax credits provided to buy a new car. Obama said that the Canadian government will be announcing their own program later today. Stay tuned... there's more to come.

Third, the IRS is today launching a campaign to alert consumers of a new tax benefit for auto purchases made between Feb 16 and the end of this year—if you buy a car anytime this year, you may be able to deduct the cost of any sales and excise taxes. This provision could save families hundreds of dollars and lead to as many as 100,000 new car sales.

Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "Buy, buy, buy a car, car, car" only on Ranting-TV…