Special Sales Tax Deduction for Car Purchases

December 31 is the deadline

Honda's meet the requirements

Excerpt from irs.gov website

Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax break is part of the American Recovery and Reinvestment Act of 2009.

Here are seven things you should know about this new deduction:

1.State and local sales taxes paid on up to $49,500 of the purchase price of qualifying vehicles are deductible.

2.Qualified motor vehicles generally include new (not used) cars, light trucks, motor homes and motorcycles.

3.Purchases must occur after Feb. 16, 2009, and before Jan. 1, 2010.

4.This deduction can be taken regardless of whether or not you itemize other deductions on your tax return.

5. Taxpayers will claim this deduction when filing their 2009 federal income tax return next year.

6. The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

7. The deduction may not be taken on 2008 tax returns.

Consumers who are considering buying a new car may find that this tax incentive means there may have never been a better time to buy.  Consult your tax advisor to see if you qualify

The Dealership does not provide legal, tax or accounting advice. You should consult a tax advisor to determine whether you eligible for the deduction. Nothing contained in this communication (including any attachments or links) is intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.



For more information about the sales and excise tax deduction for motor vehicle purchases visit the official IRS web site at IRS.gov

10 Best Cars

In a press release on December 1, 2009  American Honda announced that the 2010 Honda Accord and 2010 Honda Fit were included in the "10 Best Cars" award by Car and Driver Magazine  The Accord has received this award 24 times in 28 years and the Fit honored each of the four years it has been for sale in the U.S.

Performance, Quality and Safety

The 10 Best Cars award gives recognition to Honda's ongoing emphasis to performance, quality and safety said John Mendel, executive VP of American Honda Motor Co., Inc.

Hendrick Honda in Easley SC is proud to offer the Accord and Fit  in their full lineup of Honda vehicles. 

For the full articles go to http://www.caranddriver.com/ or click on the links above

Hendrick Honda in Easley sells the most fuel efficient vehicles

Honda Leads in Fuel Efficiency


Honda Motor Co. has the most fuel efficient fleet in the United States, followed closely by Hyundai Motor Co., the Environmental Protection Agency said Friday in releasing preliminary figures for 2009. According to the Detroit News, all vehicles sold in the 2009 model year are expected to average 21.1 miles per gallon in "real world" driving, which is one-tenth of a mile better than in the 2008 model year. Final 2009 figures will be released next year in October or November. The preliminary numbers are based on sales data and confidential product reports and sales estimates from the companies and usually don't vary much from the final tallies, which are based on actual sales. Honda had a fleet wide 23.6 MPG fuel economy average in the 2009 model year. Hyundai had 23.4 MPG. Toyota Motor Corp., which was tied for first in 2007, slipped to third with 23.2 MPG. Volkswagen AG was fourth at 22.3 MPG; while Nissan Motor Co. and BMW AG were tied for fifth at 21.6 MPG. The EPA reports "real world" fuel economy rankings and carbon emissions. Because of credits for building alternative fueled vehicles, real-world adjustments and testing procedures, the EPA figures are at least 25 percent lower than those on new vehicle stickers. For more on Honda’s leadership in fuel efficiency, including facts and statistics, click here.

Hendrick Honda SC

We would like to thank you for visiting our website and considering us for the purchase of your next new or pre-owned vehicle. It is our goal to provide you with an excellent purchase and ownership experience.

We know your time is valuable. We are sure you will find our site a fast and convenient way to research and find a vehicle that's right for you. If we can be of any assistance while visiting us online, send us an e-mail and we will promptly reply.

For more information, visit:
Hendrick Honda SC
4609 Calhoun Memorial Highway 123
Easley, SC 29640
Phone: (866) 463-1098