Friday, November 13, 2009

Deductible Reasoning

Okay, so we're heading toward the end of the year and really, not too many folks are thinking about their taxes, right?
Well, maybe we should, especially if we're thinking about buying a new car. On top of end of the year incentives being offered by manufacturers, your Uncle Sam might be willing to help give you some "green" if you go green.
And, here's the best part. You don't have to buy a little puddle jumper to qualify for government tax credits. If you've read earlier posts on this blog, you know that we're big fans of diesel-powered vehicles as alternatives to traditional gasoline-powered vehicles. It's proven technology and for folks like us – who want to be driving a car for 20 years – the engines last forever.
In a few months, when a tax refund sure would come in handy, it might make sense to buy a diesel with a $1,700 tax credit, like the VW Golf/Rabbit TDI or an Audi A3 TDI with a tax credit of $1,300. You can get a $1,800 tax credit on selected Mercedes and BMW SUVs and $1,150 on the Audi Q7 TDI.
To see the whole list, go to http://www.fueleconomy.gov/feg/taxLeanburn.shtml
Make sure you click on "all" in the chart.

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