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2009 Chevrolet Malibu

IRS scraps state sales taxes for new car purchases

In a bid to stimulate the stagnating U.S. economy and give the domestic car market a boost, the Internal Revenue Service (IRS) has announced that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid for the vehicle when they file...

April 1, 2009 by Ralph Hanson

2009 Hummer H2

Massachusetts wants SUV owners to pay more for the privilege

Chevrolet Volt

Texas considering $5,000 tax credit for plug-in hybrids on top of federal incentives

2010 ford fusion hybrid 003

Ford Fusion Hybrid qualifies for maximum tax credit of $3,400

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