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Do you need to pay state sales taxes when you buy a house as in the case when one buys a new car from a dealership?
Wiki User
∙ 11y ago
Yes, there are taxes involved in the sale and transferral of real estate. These tax are often in different form from sales tax. Handled at closing, these taxes, called "doc stamps" are part of the real estate transaction. There are other taxes, like impact fees. All of these fees should be listed on the real estate settlement sheet and explained by an attorney or a title agency, at closing.
Wiki User
∙ 11y ago
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What are the main sources of state revenue?
sales taxesindividual income taxescorporate income taxes
List and describe four sources of state government revenue?
US State sources of income can be the following four types: 1. State income taxes; 2. Income from sales taxes; 3. Income from real estate taxes; and 4. Inheritance taxes.
What is the sales tax on carpet in Florida?
Sales tax in Florida is 6% for the State. Other taxes by the locality can make the total go up to as high as 7.5% total.
Which two types of taxes provide the largest amount of revenue to states?
For most states, one of the two types of taxes that provide the largest amount of revenue to the state is property taxes. Sales tax is the other tax that provides a large part of the revenue. Income taxes provide some state revenue.
Do you pay taxes on sale of inherited house?
i personally dont think you would have to pay sales tax on a house that you inherited unless you are paying for the utilities lighting and all the heating and cooling soo yes and no.
Can counties collect local sales taxes in place of state sales taxes?
It would depend on your state law. But in most places, counties collect sales taxes in addition to state sales taxes.
Can counties collect local sales tax in place of state sales taxes?
It would depend on your state law. But in most places, counties collect sales taxes in addition to state sales taxes.
If you live in Wisconsin and will be purchasing a car from a dealership in Illinois will you pay the taxes and fees there or when you get back to Wisconsin and register the car?
You should only pay the sales tax in the state it was purchased and the registration fee in the state it is registered.
Which state has no sales and federal taxes?
delaware
How much is the sales taxes on 265.65 in the state of Illinois?
How much sales taxes do I have to pay on $265.65
Can you claim sales tax on your taxes?
Yes, you can claim state and local sales taxes on your return. But in order to do so you must itemize deductions and you must not claim state and local income taxes. You're allowed to claim either state and local income taxes or state and local sales taxes, but not both.If you do claim the sales tax deduction, you can either claim the amount you actually paid (based on receipts) or the amount given to you by the IRS's Sales Tax Deduction Calculator.For a more detailed explanation of the state and local sales tax deduction, please see Deducting State Sales Tax.
Can you Claim state taxes on federal return?
Yes. And if you pay more in sales taxes than state income taxes, you can use that
Do you pay taxes on a car you buy in another state?
In Georgia..Yes! If you purchased a car at a dealership in Alabama but live in Georgia you pay Alabama sales tax and then when you get your GA registration/tag you pay then.
Is it cheaper to buy a car in ca or AZ?
It depends on the car and the dealership but Arizona's sales taxes are lower than California.
Are there taxes on Black Friday?
If the state has a sales tax, then yes, all taxes apply.
Do you pay taxes when buying a tractor?
It depends on the state you live in. If your state has sales tax, you would pay them on the sales price.
Are state sales taxes collected on food items in Florida?
No
