Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. However, doing a little planning will ensure that you maximize the tax savings of your donation.
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$10k $100k $500k Term in months: 12 48 84 120 Sales tax rate: 0% 10% 20% 30% Low interest financing: 0% 8% 16% 25% Traditional financing: 0% 8% 16% 25% Manufacturer rebate: $0 $1k $5k $20k Rebate payment: $377 monthly ...
If buying from a private seller you’ll have to pay theImpuesto de Transmisiones Patrimoniales. This tax will be calculated on the official value placed on the car (make, model, age) and NOT the selling price. Most regions in Spain have an online tax calculator, here’s theone for Catalun...
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The business use of your car can be one of the largest tax deduction you can take to reduce your business income. This is a big, big deal. Why two “bigs”? Because your business income is used to calculate two taxes: your personal income tax and your se
If you buy a new car, pickup truck, motorcycle or motor home in 2009 you could qualify for a new sales tax deduction, thanks to the stimulus law passed on February 17, 2009.
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