If you think its time to buy a new car, this is the time to buy 
one why, car dealers across the country are trying to get rid of there 2009 cars and they are great deal out there for the taking.
Here is the good news, you may be eligible to deduct or save on state, local sales and excise taxes on your 2009 tax returns, if you purchase a new car, motocycle, motor home, or light truck. Keep in mind however, the purchase is cap at $49,500 and your adjustable gross income to be eligible is between $125,000 and $135,000 filing single and between $250,000 and $260,000 filing jointly.
The IRS stipulated that the vehicle must be purchased after February 16, 2009 and before January1, 2010 to qualify for the deduction.
So go on out and purchase that new car. Me, I will be making waffles!
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