Internal Revenue Services (IRS) in releasing its tax scheme IR-2009-60 on June 10, 2009 in the U.S. According to the scheme, taxpayers, who buy certified motor vehicle on states that have no sales tax, are qualified to claim a deduction in tax. It cites that purchasing of vehicles on...
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.
Conversely, New York lawmakers don't have this particular tax in the books. Maybe because the state does make a significant amount of money on tolls and taxing motorists further would send them over the edge. New York is one of 25 states that do not charge a vehicle property tax, which ...
“I think that I’ll still be able to play a little bit of a helping hand in tax policy as relates to New York — SALT and the tax relief — but I’m going to be spending a lot of time pushing on services and resources for those with disabilities,” Molinaro told Playbook at the...
One potentially expensive downside of not including the trade-in with your new car purchase is that, in many states, you subtract the value of the trade from the cost of the new car and only pay sales tax on the difference. Even if that’s the case, you’ll want to delay any talk ...
How Trump Could Impact Housing Frustrated about inflation and housing affordability, voters are hoping the Trump administration can bring down home prices. Geoff WilliamsDec. 3, 2024 8 Things to Do When Moving to a New Home Follow this checklist to ensure your new home is truly yours and set...
Speaking before the Detroit Economic Club on Thursday, Trump promised to make the interest paid on car loans fully tax deductible, similar to the popular existing deduction for mortgage interest. Michigan, home to many automakers, is a key swing state. ...
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when a system was set up to send all money made from the gasoline tax directly to the federal Highway Trust Fund. The general public expressed support for the idea of this tax being spent on things that would help them navigate their cities. Since then, that cash supply has been put tow...
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