Annual Tax Return


Ah, that New Car smell!  You paid your sales tax on it, though, right? Right?!

Your annual tax return allows a deduction for the sales tax paid on big-ticket items like this one. Oh! And the IRS allows you to deduct the sales tax paid when you lease a car, too (though it's not technically owned by you).

Those of you who didn't pay your sales tax, well, you'll have to report & pay a Use Tax on your return. Sometimes, though, the sales tax figure is built into the price of the car - just clarify with the seller & note it on your invoice.


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If you are interested in this item and have some questions, feel free send an inquiry.

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