
Chrysler Announces New Incentives!
The Michigan, Ohio, Illinois and Indiana Credit Union Leagues have developed a GM and Chrysler Discount program exclusively for credit union members called Invest in America. The Credit Union Discount from GM and Chrysler provides supplier pricing, which is approximately 4.5% off the MSRP*. Combine these great prices with the low rates offered here at the credit union and it’s a deal that can’t be beat.
EFFECTIVE MAY 1st, 2009, Chrysler has increased the cash allowance for Credit Union members to $1000 on select Chrysler, Dodge or Jeep vehicles.
Don't miss you chance to Invest in America!!
Get pre-qualified for a vehicle loan at Consumers Choice and watch the savings add up!
* Other incentives still apply
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IRS: New car buyers may be able to deduct sales tax
Houston Business Journal
Those who buy a new car this year may be able to deduct state and local sales and excise taxes on the purchase in their 2009 tax returns next year, according to the Internal Revenue Service.
The deduction, part of the federal stimulus package passed last month, is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home or motorcycle.
The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.
The IRS also said the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010, to qualify. The deduction is available regardless of whether a taxpayer itemizes their return.
It may not be taken on 2008 tax returns.
(For more information go to www.irs.gov)