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is sales tax on a car purchase deductible ?

 
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is sales tax on a car purchase deductible ?

business use no. it's part of the cost. If a personal vehicle, it can go under itemized deductions (schedule A - taxes) as sales tax on a large purchase. If you have a state income tax you must choose between state income tax and sales tax. in addition, the deduction for taxes is currently capped at $10,000 (other than Married filing separately which is $5,000)

 

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is sales tax on a car purchase deductible ?

business use no. it's part of the cost. If a personal vehicle, it can go under itemized deductions (schedule A - taxes) as sales tax on a large purchase. If you have a state income tax you must choose between state income tax and sales tax. in addition, the deduction for taxes is currently capped at $10,000 (other than Married filing separately which is $5,000)

 

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