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US income tax season is definitely a fantastic time to finance a new vehicle. Savvy car shoppers can generally apply a significant tax return for their purchase or down payment. Look through our Kansas City Kia tax season car sales today.
The Internal Revenue Service allows you to deduct sales tax of a car purchase by itemizing on Schedule A on Form 1040. You cannot claim this tax deduction unless you elect to itemize. You are allowed to deduct the tax whether you do business with a private party or car dealership.
Disclaimer. Consult an income tax specialist before filing deductions on your federal taxes.
Yes, you are able to deduct the tax whether it is charged on a used or new car or truck. You can only make a sales tax deduction that is equal to what was paid when you purchased the car by adding it to the Sales Tax Table amount for the appropriate state, alongside the registration fees paid, if the fee is based on the value of the car or truck. Those expenses are deductible only when itemized. In the case of sales tax, it is required to be higher than the state income tax that was paid.
If you missed our Kia End of Year or Presidents’ Day Sale Events, don’t dismay, our next big sale is just around the corner. We offer great car sales throughout the US tax season. Visit our inventory or incentives to find the Kansas City Kia deal you’ve been dreaming of. Our helpful Kia specialists are ready to assist you in finding the right vehicle at a competitive price.
Kia Tax Season Car Sales in Kansas City Area | Shawnee Mission Kia
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(913) 384-9100
Call Now7951 Shawnee Mission Pkwy • Mission, KS 66202
Get DirectionsOpen Today! Sales: 9am-7pm
Open Today! Service: 7am-6pm
Open Today! Parts: 7am-6pm