 Newborn child 2008,can I claim her? |
| I gave birth to a healthy baby girl this Jan.1,2008, I am wondering since its tax season, am I able to claim her as my dependent for 2007? serious answer please, she has her social security now and ... |
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 Can my boyfriend claim me as a dependant on his taxes? |
| We have been living together for the 2006 year. He makes twice as much as I do and I am a full time college student. Since we have an apartment together he pays over 60% of the household bills. We ... |
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 Is it too late to file my taxes? |
| I was going to file them this week and my mom said that I'm late so they wont give me a any money back. Is this true? Or is this just another thing that I think my mom doesn't know what she ... |
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 How can I find out when I can expect my stimulus check? |
| I mailed my tax return in on April 15th and my social security number ends in 06. My parents also mailed theirs in on the same day and ends in 56. How can we find out when we can expect them? Thanks!<... |
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 Havnt paid tax what happens? |
im working but not on books. so dont pay tax, i dont pay council tax either done this for years not at a fix address so what happens if i get caught. by the way this isnt me as such just asking.
<... |
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 Should my employer give me a payslip every week? |
| i work part time get paid weekly but dont get a ... |
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 When are my taxes due? |
| This is my first time filing taxes and I am looking for some dates...... |
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 Stimulus payments, IRS.GOV:where is My stimulus Payment? When can we with SSN 21 through 75 view the status? |
| I logged on the IRS.GOV, to the Where is My Stimulus Payment tool and it says that no information is available. 'I used direct deposit for My tax return for 2007.' Also, it says that we ... |
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 What would you think about a 23% sales tax on all goods? |
| This would mean we all pay the same tax, whether it's an industry or individual. Also, the capital gains tax and all other taxes would be eliminated, and the size of the IRS could be decreased ... |
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 I dont have a tax code at the moment who do i call? |
IM ON emergency tax code and ambeing taxed more than i should be..
this is my3rd week ofemployment [1st job] should i be being taxed at all, and dont youget the first £5000 TAX FREE...
... |
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 How do i believe uk national online lottery is true or fraud? |
| couple of days ago, i received mail from uk national lottery that i have won 600,000 GBP.... |
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 The guy that did my Tax Returns the last two years in a row won't give me my returns back.? |
| I know I shouldn't have given him a second chance when I didn't receive my return from the year before. But, he said he would give it to me when I went to his office with last years return.... |
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 Stimulus refund supposed to de deposited today, Not yet?? |
| I looked in my account this morning, and my refund wasn't there yet. I then checked CNN and it stated that they released the refunds earlier then expected. Deposits were made starting on April 28... |
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 Can I legally claim 3 dependants even if I'm single with no kids? |
In order to get more money now and less or owe at the end of the year?
Additional Details
I guess I mean " Allowances " , can I claim higher numbers and owe or relieve less ... |
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we7ing | Is sale tax on a new car deductible on federal income taxes? |
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Wayne Z
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Maybe.
If you itemize, you are given the choice of deducting the state sales tax that you paid throughout the year or the state income tax you paid but not both.
The IRS has developed tables to calculate what the average person spends in each state on sales tax. Take this number, and how much tax you paid on the car and if that number is higher than your state income tax AND you itemize, you will get a deduction. |
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kohalakoast
 |
Wayne Z's answer is the most accurate. Congress reestablished the sales tax deduction in late legislation in December. President Bush recently signed it. You can itemize the greater of your sales tax or state income tax. As mentioned there is a generic table based on your gross income. To that you can add the sales tax paid for major purchases such as automobiles.
The legislation was passed so late in the process, the 2006 IRS forms will NOT have the deduction listed. Check the IRS' website for more info. |
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yamahaman
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The answer from zudmelrose is correct. The sales tax deduction expired at the end of 2005, but Congress just this past week reinstated and extended it (along with other measures) for this year. President Bush just signed it.
The change came after all the 2006 forms had been printed. The IRS is not going to change the forms but will issue instructions on how to claim it.
If you live in a state with no income tax (Florida or Texas to name two), and you can itemize deductions, you would be wise to include the sales tax.
However, if you live in a state with an income tax (most of them), then you need to compare the higher of the amount of state income tax you paid and the standard sales tax deduction plus the sales tax on the car. Again, only if it is to your benefit to itemize deductions. |
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johnbndallas
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if you live in a state with no income tax yes ( or if for business use )
no income tax states have a sales tax deduction when you itemize or a standard deduction if you don't ( for a business it counts as an expense ) |
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Steve
 |
Sales taxes are now deductable on new car purchases.
Here is a link to the publication.
http://www.irs.gov/pub/irs-pdf/p600.pdf |
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vegas_iwish
 |
right now no for 2006. could be late change. |
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misskenzie12
 |
I noticed that some of your answered said that yes it may be deductible. However the IRS has changed the sales tax write off if you itemize it is no longer available it will only be state and local income taxes that you can itemize. |
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mexlover80
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This year they are not allowing general sales taxes to be taken instead of actual state taxes on your federal taxes(if you itemize). However, if the tax is based on the total value of the vehicle, then yes you can put it on a Schedule A as personal property tax. |
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Shelly B
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no..it's not.....
The excise tax that you pay when you get your plates however, is tax deductible... |
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binda
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negative |
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INACTIVE
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There are energy credits for certain kinds of makes and models of cars but for the most part, sales tax is not deductible unless that financing was done through a home equity loan. |
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Lorenzo Steed
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No. Sales taxes are no longer deductible. But interest on home equity loans still is. So if you have a home and can go that route, you can at least deduct the interest on the loan you are making payments for. DO NOT accept dealer financing - ! |
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