Write Off Sales Tax

Originally Posted by dweedlebug FYI -- Good info regardless, but it REALLY is not as much as most people think. Look at the back of the Schedule A form for

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Write Off Sales Tax

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12-04-2009, 02:46 PM

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zip159

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Quote:

Originally Posted by dweedlebug

FYI -- Good info regardless, but it REALLY is not as much as most people think.

Look at the back of the Schedule A form for the calculation. A $30,000 car at around 7% tax gets to deduct ~$150.

It really depends on your tax bracket.

Car: 30,000
Taxes @ 7%: 2,100

Estimating 16% for taxes still equals $336. Sounds good to me.

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