@Anonymous wrote:
how does the american recovery and reimbursment act of 2009 save money on a car i was looking to buy a second one this month how will it save me money thanks
American Reinvestment and Recovery Act
The 2009 Stimulus package, signed into law by President Obama in 2009, allows certain consumers to deduct interest and fees from car loans. Individual borrowers who make less than $125,000 and families making less than $250,000 are eligible for this program. This program allows qualified consumers to deduct the interest charges for one year as well as any sales tax on a vehicle.
