is it true that one can claim a new car in the taxes?

Question

this year i bought an '06 scion xB, and i was told by some one, that i could get credit for it, suppossedly, it does good to the economics to buy a car. is this true????

technecally, we do use it for "bussines" its primery use is go and come from work, is that consider for business?

Answer 1

Only if you're using it primarily for business use, and then you have to prove it, or face an audit.

Answer 2

in case you itemize, you could deduct the two the entire of state and native taxes which you paid, or revenues tax paid which consists of revenues tax paid on a motor vehicle. the motor vehicle would desire to be new or used to declare this. you additionally can get a credit for area of the fee paid for a hybrid motor vehicle (which the scion does not qualify for). in case you very own a business employer, you could declare motor vehicle costs, yet commuting lower back and forth to a job the place you're an worker does not count extensive form for this - that is seen a private rate, and is not any longer deductible.

Answer 3

yes partially, you can only claim the TAX paid on the vehicle not the actual purchase price

Answer 4

Yes. You can claim your sales tax.

Answer 5

yes. it is true!

Answer 6

sum what