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To deduct vehicle sales tax, you can either: File with H&R Block to get your max refund. File online. File with a tax pro. Save all sales receipts and deduct actual sales taxes paid throughout the year, or. Use the IRS sales tax tables to figure your deduction.
11 lut 2024 · The Sales Tax Deduction Calculator helps you figure the amount of state and local general sales tax you can claim when you itemize deductions on Schedule A . To report sales tax: Open your Federal return. Go to Deductions and Credits; Scroll down to Estimates and Other Taxes Paid; Click Update next to Sales Tax.
If you buy a vehicle in California, you pay a 7.5 percent state sales tax rate regardless of the vehicle you buy. Local governments can take up to 2.5 percent for a vehicle's sales tax...
You are buying a new car priced at $30,000 in California, where the state sales tax rate is 7.25%. Steps: Enter the Pre-Tax Car Price: The pre-tax price of the car is $30,000 .
According to SmartAsset, in California, the minimum sales tax allowed on any purchase is 7.25 percent. Of this, 6 percent goes to the state and the remaining 1.25 percent goes to county and...
The California car purchase tax on a new car is quite comprehensive and varies by county. The base state sales tax rate in California is 7.25%. However, with local county taxes added, the total can be much higher.
11 gru 2022 · The amount to be taxed depends on the state’s law – in 42 states, the sales tax is returned from the difference between the value of a new vehicle and the trade-in amount you get. In some states, i.e., California, sales tax is returned on the total price of a new vehicle.
