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is there a tax credit when trading in your used car when purchasing a new one
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∙ 11y ago
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What kind of tax credit can I get by utilizing a car donation program?
There is no such thing as a tax credit for a car donation http://www.givecars.com/car-donation-claims.html
Do you pay sales tax in new jersey for used car?
Yes, when you register it, the tax is collected by the MVD. If you trade a car in (at dealer) the value of trade in may reduce the amount the taxable sale is calculated on.
What is the used car sales tax in Nashville Tennessee?
Zero, if you trade a more expensive car in and get a cheaper one
Do you have to pay sales tax on a used car if you trade it within a week of purchase in Missouri?
== == The operative word here is SALES TAX. Which is collected when a car is SOLD. If you SOLD the car, then sales tax is due on that sale amount.
Does Florida have a child care tax credit for single moms?
Florida does not have a a child car tax credit for single mothers. There is also not a tax credit at the federal level.
If you donate a car do you get a federal tax credit?
No, you won't. It won't get you a tax credit, but rather a tax deduction under charitable donations. The amount that you can deduct is equal to the selling price of the car to the charity.
Does a car tax effect trade in value?
Not in the UK, under new rules effective from October 2014, when you trade in a car any remaining car tax (tax disc) will automatically be refunded to the registered keeper who paid that tax (whole months only), thus not affecting the trade in value.
Do you receive a tax credit when you donate old cars in the state of Alabama?
You are eligible for a tax credit when donating any car.
How much is car tax in Maryland?
6% of the purchase price of the vehicle less credit for the trade in. Document fees & warranties are included in the purchase price (they are taxable). Insurance ( credit life/disabilty) is NOT taxable.
What can you tell me about this car donation tax?
You get no tax credit for donating a car www.edmunds.com/advice/selling/articles/48930/article.html
Can you trade your car if there is a tax lien against it?
yes
If you trade 1 car for another do you pay sales tax?
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
