Is a new car bought in 2008 a tax deduction?

  • Thread starter Thread starter speedbag2000
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speedbag2000

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I had heard buying a new car will give you a tax deduction....is this true?

I do not see it in turbo tax
 
Yes, but it depends on the year of your car, the model and the state that you live in or you bought the car in. Your welcome if i helped!
 
nope, sorry... its not, well atleast not in california... i was once told that too and my car was not allowed a deduciton... but there was a loop hole- like if you bought it for a company behicle, not a personaly vehicle and if it was paid in full...
 
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