Quote:
Originally Posted by polishmafia
*sigh*
The only way you can count a car as income is if the sale of the vehicle was used for business purposes.
If it was for personal use, then all you can claim are the tabs - which Brandon did.
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If you itemize I thought you could deduct the sales tax you paid on the vehicle purchase as well.
I haven't calculated mine out yet, but I'll probably get around $1500. I got around $1000 last year but I took one less withholding this year on my W4. It will be going towards my last credit card bill.