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

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

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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.
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