|
NSE Stock Ticker (www.appuonline.com)
|
FISER GROUP
Quality. Service. Ethics.
At Fiser Group, P.A., those words represent our commitment to our clients. We're professionals committed to providing quality work in a timely manner as a KC Accounting firm. When you choose Fiser Group, P.A. for accounting, consulting, business management, medical billing, credentialing, tax preparation, CPA and financial planning needs, you receive a level of service that exceeds your expectations.
|
|
|
Sales Tax Deduction for Vehicle Purchases
The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles through 2009. The deduction is available regardless of whether a taxpayer itemizes deductions on Schedule A. Purchases before Feb. 17, 2009, are not eligible for this special deduction.
The deduction is limited to the tax on up to $49,500 of the purchase price of an eligible motor vehicle. The deduction is phased out for joint filers with modified adjusted gross income between $250,000 and $260,000 and other taxpayers with modified AGI between $125,000 and $135,000.
Taxpayers who make qualifying new vehicle purchase this year can estimate their deduction with the help of IRS Publication 919, "How Do I Adjust My Withholding?" Worksheet 10, lines 10a to 10k take into account purchases above the $49,500 limit, as well as the income phase-outs.
Page Last Reviewed or Updated: April 22, 2009
|
Fiser Group, P.A.
8760 Monrovia Street
Lenexa, KS 66215
Phone: 913-438-2226
Fax: 913-438-2227
Email: information@fisergroup.com
Securities offered through ING Financial Partners, Inc., a registered broker/dealer. Member SIPC.
Fiser Group is not a subsidiary or nor controlled by ING Financial Partners, Inc..
Registered in securities and as an Investment Advisor Representative in the states of Kansas (KS), Missouri (MO), Oklahoma (OK), and Nebraska (NE). |
|
