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New Member
posted Feb 5, 2025 3:38:32 PM

Does a major purchase include buying a car that is financed through a bank or does it have to be cash only?

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1 Replies
Level 15
Feb 5, 2025 3:40:48 PM

It can include a car that  is financed.

 

Sales tax is an itemized deduction.  Unless you have enough other itemized deductions to exceed your standard deduction the sales tax will have no effect on your tax due or refund.