- Days left

Ask the Dolans: How do tax credits for new car buyers work?

Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.

Click here to ask Ken and Daria your question.

Chrysler is bankrupt and GM is close behind. Once a symbol of American ingenuity and determination, the auto industry is in tatters thanks to plunging sales. As part of its efforts to save American automakers, the Obama administration has introduced some new tax credits to entice new car buyers into the market. Get the low down on how they work from Ken and Daria Dolan of Dolans.com.

Dear Ken and Daria,

I've heard about new tax incentives being offered if you buy a new car. How do they work and who qualifies?

--Marie




There are a slew of new tax breaks that you need to know about! Learn about all the new tax rules that can save you money at Dolans.com.

Increase your money and finance knowledge from home

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

Managing your Portfolio

Keeping your portfolio and financial life fit!

View Course »

TurboTax Articles

2014 Tax Forms for Federal and State Taxes

TurboTax software programs include the tax forms you're likely to need to file your federal and state taxes. And the great thing is they guide you through your tax return so you don't need to know which tax forms to file.You can also find all federal forms and state tax forms at the links below.

What is a 1098-C: Contributions of Motor Vehicles, Boats and Airplanes

When you donate a vehicle to charity, you may be able to deduct it as a charitable contribution if you itemize your deductions. Soon after donating a vehicle, boat or airplane, the charitable organization may send you a Form 1098-C that reports details about the donation that may impact your deduction. In some cases, the Internal Revenue Service may deny your deduction without Form 1098-C attached to your return, so keep it in a safe place.

Add a Comment

*0 / 3000 Character Maximum