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Sales tax on an RV is generally calculated based on the state in which it will be titled and registered, not necessarily where it is purchased. To further complicate matters, some states are not reciprocal. For example, if a Florida resident buys an RV in Indiana, they are charged Indiana AND Florida tax. Whereas, if the customer is from Illinois and buys in Indiana, they are not charged Indiana tax, but will pay Illinois sales tax upon registration and titling back home. I would always suggest buying close to home, especially if buying from a dealer. The benefits of having local help is worth it.
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Do you pay sales tax when buying a home in Iowa?
In my state there is no sales tax on a home sale.
Why would i pick State and local income tax deduction?
You generally want to take the higher of your state/local income taxes paid for the year, or the sales tax deduction. Which one of the two is higher is different for each person. The American Jobs Creation Act of 2004 gives taxpayers the option to claim state and local sales taxes instead of state and local income taxes when they itemize deductions. This option is available for the 2004 and 2005 returns only. IRS Publication 600, Optional State Sales Tax Tables, helps taxpayers determine their sales tax deduction amount in lieu of saving their receipts throughout the year. Taxpayers use their income level and number of exemptions to find the sales tax amount for their state. The table instructions explain how to add an amount for local sales taxes if appropriate. Taxpayers also may add to the table amount any sales taxes paid on: * A motor vehicle, but only up to the amount of tax paid at the general sales tax rate; and * An aircraft, boat, home (including mobile or prefabricated), or home building materials, if the tax rate is the same as the general sales tax rate. For example, the State of Washington has a motor vehicle sales tax of 0.3 percent in addition to the state and local sales tax. A Washington state resident who purchased a new car could add the tax paid at the general sales tax rate to the table amount, but not the 0.3 percent motor vehicle sales tax paid.
Do you pay sales tax on a used mobile home in Pennsylvania?
If you buy a used mobile home from the owner, the lender financing the home with a mortgage or personal property loan normally sees that the sales taxes are paid. However, if you are paying cash for the mobile home instead of financing the purchase, you are responsible for paying sales tax when ownership of the mobile home is transferred to your name. Usually, sales tax is assessed and collected when you register the home with the motor vehicle agency inyour state.
Can you claim sales tax paid on vehicle purchase on federal return?
Yes. Current tax law permits you to choose between deducting state and local taxes and deducting sales taxes if you itemize deductions on your income tax return. When you calculate sales taxes, you are permitted a table amount based on your income plus the sales tax on certain specified items such as:A motor vehicle (including a car, motorcycle, motor home, recreational vehicle, sport utility vehicle, truck, van, and off-road vehicle). Also include any state and local general sales taxes paid for a leased motor vehicle. If the state sales tax rate on these items is higher than the general sales tax rate, include only the amount of tax you would have paid at the general sales tax rate.An aircraft or boat, if the tax rate was the same as the general sales tax rate. Your state or locality imposes a general sales tax directly on the sale of a home or on the cost of a substantial addition or major renovation.You purchased the materials to build a home or substantial addition or to perform a major renovation and paid the sales tax directly.Under your state law, your contractor is considered your agent in the construction of the home or substantial addition or the performance of a major renovation. The contract must state that the contractor is authorized to act in your name and must follow your directions on construction decisions. In this case, you will be considered to have purchased any items subject to a sales tax and to have paid the sales tax directly.A home (including a mobile home or prefabricated home) or substantial addition to or major renovation of a home, but only if the tax rate was the same as the general sales tax rate and any of the following applies.Note: These definitions may change from year to year.
Do you charge taxes on your internet sales?
Only in your home state or in any state in which you are deemed to be "doing business', such as where you own a warehouse for fulfilling sales.
In Kentucky do you have to hold a realestate lic for onsite sales with new home builders?
Yes, the State of Kentucky requires a real estate license for all home sales including sales through a home builder.
What state has an 8 percent sales tax on food?
I do not think think that you will find any state that would have a 8% sales tax on food that you take home to prepare yourself. Combining the state sales and local sales taxes could be a different story.
Can you buy a used car in one state and drive to your home state and pay sales tax?
Yes, you can.
Is there a sales tax on a mobile home?
There is almost always a sales tax. It differs from state to state and in Canadian provinces. For more information consult your local DMV or Tax office.
Can you buy a used car in one state and pay sales tax in your home state?
Yes, you pay the taxes in the state you title the car in.
What sales tax do you pay if you are from Indiana and you want to buy a car in Illinois?
You pay the sales tax of your home state. Not the state where you bought it. Some state have recipricol agreements and yoiu do pay tax in the state in which you purchased the vehicle. IF that states tax rate is lower then you home state, you will make up the difference at the time you title and register the vehicle.
Do you have to pay a new car sales tax in the state you purchase the car and then again in your home state?
you only pay taxes in the state the car is registered.
