2007-01-25 05:20:38 · 8 answers · asked by Mister E 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
yes if you use it for work
2007-01-25 05:23:51 · answer #1 · answered by edwarjd 3 · 0⤊ 0⤋
If you are talking about the sales tax you paid on purchasing a new car, then yes you can. If you itemize, you have the option to choose to either itemize the state income tax you paid, or the state sales tax you paid, but not both.
If, when you register the car, the registration fees that you pay to the state incorporates a personal property tax, then the portion of the registration fee that represents the property tax is also tax deductible.
2007-01-25 13:34:43 · answer #2 · answered by jseah114 6 · 3⤊ 0⤋
If you file Schedule A you have the option of deducting sales tax or income tax paid to the state. You may want to consult with a professional about your individual situation.
2007-01-25 16:29:34 · answer #3 · answered by WendyD1999 5 · 1⤊ 0⤋
If you are an itemizer you can deduct your total sales taxes paid or your state income taxes. If you happen to live in state that has no state income tax it could be to your benefit to take the sales tax deduction. However, I believe this deduction is due to sunset (unless Congress renews) either this year or next year.
2007-01-25 13:40:16 · answer #4 · answered by gls_merch 5 · 1⤊ 0⤋
Yes, I did it yesterday.
You can deduct taxes paid on any "major purchase."
HOWEVER... I could be wrong, but I think you can either elect to have your tax refund to reflect your income tax or your sales tax... so you'd just want to go with whichever gives you the biggest refund.
2007-01-25 13:24:05 · answer #5 · answered by Anonymous · 1⤊ 0⤋
if the car is business expense.
2007-01-25 13:23:50 · answer #6 · answered by Christy 3 · 0⤊ 0⤋
I dont know
2007-01-25 13:23:11 · answer #7 · answered by c2god2 4 · 0⤊ 3⤋
what should i do ?
2007-01-25 13:23:42 · answer #8 · answered by the what should i do retard 1 · 2⤊ 3⤋