Tax FAQ
 

Does Our Car Purchase Count As New Or Used For Tax Purposes?

Question by janeybond007 | Posted in United States

We purchased a 2009 Acura RDX from the dealership in April 2009. It was formerly a loaner car with 9K miles and was never titled, so they said they would sell it to us as new. Looking back at our loan intelligence for taxes this year, it clearly says "Used" on the paperwork. Can we still depend on this as a new car purchase on our taxes?

Answer: No. A car with 9,000 miles on it is not new, regardless of what the relationships told you verbally.
 
 

Sales Tax On Used Car Purchase From Private Party?

Question by amit k | Posted in Buying & Selling

I am planning to purchase a toughened car from a private party and i had the following questions concerning its sales tax:
a) Is the sales tax relevant on the purchase of the used car?
b) If the answer to the above question is "YES"then what is the process of calculating such a tax?
c) R to be played by the seller and buyer?
d) Any other charges to be paid on such a sale?
Please add on question/undertake responsibility for to the above (as deemed applicable)

Answer: you pay sales tax to the majestic you live in at that states rate there is also title fee and your registration fee

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Need Desperate Help With Car Tax Purchase?

Question by carproblems | Posted in Insurance & Registration

Buying a car which currently has a SORN observe on it as not being used and not insured. Has MOT until next year. I desperately need to be able to driver the car next week. Is there any way, either I or the seller can get procedure tax sorted really quickly? I can get insured online but it will take ages to get cover note and mechanism documentation in my name

Answer: if you bear for insurance over the phone the cover note is normally sent straight away and you get it either the next day or the day after so you could get it before friday.

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I Do Foster Care But Only Have A 2 Seater-car. Can I Get A Tax Discount If I Purchase A Larger Car?

Question by VW | Posted in United States

I have a heartlessness to keep siblings together and will definitely be purchasing a larger car soon in order to do so, but I want to have knowledge of if I can legally and honestly claim a car purchase on my taxes. (I love my 2 seater & wouldn't be giving it up otherwise.)

Answer: No, upgrading your car is not a subtraction.

If you are receiving taxable income for the children, you may have a mileage deduction, but I have never seen a bring up parent receive taxable income.

Helen, EA in PA

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Can Sales Tax On A Car Purchase Be Deducted On Federal Tax Return?

Question by Will Speaks | Posted in United States

Can sales tax on a car purchase be deducted on federal tax come? Texas

 

UPDATE 2-Mexico to axe car tax to spur domestic sales | Stock ...

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Source: UPDATE 2-Mexico to axe car tax to spur domestic sales | Stock ...

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