Can You Deduct a New Car or Truck on State Taxes?
Yes. You may certainly deduct the tax whether it's charged on a new or used car. Generally speaking, one can only claim a sales tax deduction that is equal to what you paid when the car was purchased by adding it to the Sales Tax Table amount for the appropriate state, and the registration fees paid, if the fee is based on the value of the vehicle. Furthermore, those expenses are deductible if itemized only. In the specific case of sales tax, it must be higher than the state income tax that was paid.
Why We Offer Tax Season Car Deals
A Great Time to Lease or Buy a New Buick GMC in the El Paso TX Area
If you missed out on our Buick GMC Year End or Presidents' Day Sales Events, don't worry, our next sale is always just around the corner. We offer fantastic car deals throughout the USA income tax season. Check out our inventory or incentives to find the El Paso TX Buick GMC deal you've been waiting for. Our friendly Buick GMC specialists are waiting and ready to assist you in finding the right offer at a competitive price point.