IRS has just released details about the new deduction package / tax credit for first time would be car buyers in the year 2009.
According to the details, if you are buying a brand new car, motorable home, motorcycle, or a light truck then you qualify for a Tax Deduction when you file your 2009 Tax Return next year.
And what will the deduction constitute? All the local state taxes that you pay on your new car, you can claim in your return next year.
For comprehensive details on this Tax Credit and Deduction, check out the popular article on Tax Credit For New Car Purchase 2009