Can You Deduct a New Car or Truck on State Taxes?
Yes, you can certainly deduct the sales tax whether charged on a new or used car. Generally speaking, one can only deduct the sales tax that is equal to what you paid when you purchased the vehicle by adding it to the Sales Tax Table amount for your state, as well as the car registration fees that you paid, if your state bases the fee on the value of the car. Furthermore, those expenses are deductible if itemized only. In the specific case of sales tax, it needs to be higher than the state income tax that you paid.
Why Income Tax Season Car Deals
It's a Great Time to Lease or Buy a New Chevrolet in the Tulsa OK Area
If by chance you happened to miss our Chevrolet End of Year or Presidents' Day Sale Events, don't dismay, our next sale is always waiting just around the corner. We have great car sales throughout the US tax season. Visit our inventory or incentives to find the Chevrolet deal in Tulsa OK you've been looking for. Our expert Chevrolet specialists are waiting and ready to help you to find the right vehicle at a competitive price point.