Reading Time: 6 minutes Many people are confused about whether they need to pay sales tax when they are selling a vehicle. Thankfully, the solution to this dilemma is pretty simple: You do not need to pay sales tax when you are selling the vehicle.
Reading Time: 6 minutes When you own your own business, you are always looking for ways to save money. With that, there are a few different ways you can declare a vehicle depending on which way will save you the most money.
Reading Time: 6 minutes Business owners and self-employed workers gain the most in tax savings, but you can also claim vehicle deductions for charity, tag registrations, medical expenses, owning an electric or hybrid vehicle, and many other qualified expenses.
Reading Time: 6 minutes If you trade in your old car to buy a new car, the sales tax you pay will depend on local and state sales tax rates and whether the taxable sale price is calculated before or after the trade-in allowance was subtracted.
Reading Time: 6 minutes It’s not a bad idea to use your tax refund to buy a car. If you’re considering it, make sure that you know the best ways to use a refund when buying a new or used car.