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New Quarters Feature National Sites

September 18th, 2009

Let the collecting frenzy begin! The U.S. Mint is moving from featuring States to National Parks and Sites next year. The new America The Beautiful Quarters will be issued 5 per year through 2020, and the last one issued in 2021.

 Ranging from Yellowstone and Yosemite, to much-lesser-known Pictured Rocks in Michigan and Weir Farm in Connecticut, Sites are being featured in chronological order by their National Site designation. Besides creating continuing interest in coin collecting, the Quarters are sure to stoke public interest in the much lesser-known Sites as well. Check out what Sites will be released when and learn more about the America The Beautiful Quarters.


Get Your New Car Tax Break!

September 8th, 2009

If you bought, or are thinking about buying a new car this year you may get a break on your taxes, thanks to a little-talked-about provision in the American Recovery and Reinvestment Act of 2009. According to the IRS, here’s what you need to know about the deduction:

  1. State and local sales taxes paid on up to $49,500 of the purchase price of qualifying vehicles are deductible.
  2. Qualified motor vehicles generally include new (not used) cars, light trucks, motor homes and motorcycles.
  3. Purchases must occur after Feb. 16, 2009, and before Jan. 1, 2010.
  4. This deduction can be taken regardless of whether or not you itemize other deductions on your tax return.
  5. Taxpayers will claim this deduction when filing their 2009 federal income tax return next year.
  6. 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.
  7. The deduction may not be taken on 2008 tax returns.

Don’t forget to check with your tax advisor on your personal situation!