Is Buying a New Vehicle Tax Deductible on State Taxes?
Yes, you are able to deduct the sales tax whether charged on a used or new car or truck. One can only deduct the sales tax that is equal to what was paid when the vehicle was purchased by adding it to the Sales Tax Table for the appropriate state, along with the car registration fees that you paid, if the state bases the fee upon the value of the vehicle. Furthermore, those expenses are deductible only if you itemize. In the specific case of sales tax, it must be higher than the state income tax that you paid.
Why We Offer Tax Season Car Sales?
Such a Great Time to Buy or Finance a New Cadillac in the Houston Area
If by chance you missed our Cadillac End of Year or Presidents' Day Sales Events, don't fret, our next big sale is happening just around the corner. We're offering fantastic car deals throughout the US income tax season. View our inventory or incentives to find the Houston Cadillac deal you've been hunting for. Our knowledgeable Cadillac specialists are ready and waiting to make it even simpler to find the right deal at a competitive price.