Taxpayer asks:
hi can you dedcuct the sales tax paid if you leased a new car in june of 2009?
Taxgirl says:
Nope, sorry. If you’re referring to the new car sales tax deduction, leases are specifically excluded.
However, if you itemize your taxes, you might still be able to claim sales taxes paid as a deduction on your Schedule A. Check out this prior post for more details.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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Similar Posts:
- Ask the taxgirl: New Car Sales Tax Deduction
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- Ask the taxgirl: “New To You” Car Tax Credit?
- Ask the taxgirl: Buying More Than One New Car
- Ask the taxgirl: State and Local Taxes Paid in Other Years
{ 2 comments… read them below or add one }
Admire your blog, I don’t read every post, but the one’s I have read are right on. From a fellow girl cpa…hope your season is going well.
Thanks Bonnie!