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Did you purchase a new vehicle between 2/17/09 and 12/31/09? Even if you do not itemize, you may be able to deduct the state or local sales or excise taxes paid on the purchase of new cars, light trucks, motor homes, and motorcycles. There is no limit on the number of vehicles that may be purchased, and eligible taxpayers may claim the deduction for taxes paid on multiple purchases. However, the deduction is limited to the tax on up to $49,500 of the purchase price of each qualifying new vehicle. To qualify, you must be the first owner of the vehicle and have a modified adjusted gross income between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

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