Comments on: Cash for Clunkers Tax Rules

By: Cash For Clunkers – Tax Rules

Cash For Clunkers – Tax Rules — Sun, 27 Sep 2009 15:29:05 +0000

[...] Cash for Clunkers Tax Rules [...]

By: Cash for Clunkers Tax Rules | Creditcardsrepairsite.net-Articles Panorama

Cash for Clunkers Tax Rules | Creditcardsrepairsite.net-Articles Panorama — Thu, 24 Sep 2009 05:03:51 +0000

[...] Cash for Clunkers Tax Rules [...]

By: chasd60

chasd60 — Thu, 10 Sep 2009 00:45:00 +0000

http://www.irs.gov/newsroom/article/0,,id=211310,00.html

By: chasd60

chasd60 — Thu, 10 Sep 2009 00:44:04 +0000

Q. What is this new car sales tax deduction?

A. The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of qualified new vehicles through 2009.

By: The Biz of Life

The Biz of Life — Wed, 02 Sep 2009 17:16:09 +0000

I know the state of MD charges sales tax (6%, I believe) on the full Kelly Blue Book value. So if you buy a car for $18,000, they would calculate tax by adding the $4500 back in. So you get to pay taxes on a base of $22,500.

By: Rob

Rob — Wed, 02 Sep 2009 13:27:30 +0000

Can the government apply the C.A.R.S. rebate to a customers back taxes (federal)? Stories are circulating that indeed this is happening leaving the dealer on the hook for the balance. I would like to comment on the “trade theory” posted yesterday. Under the C.A.R.S. program your actually turning your car over to the government for a $3,500/$4,500 payment. The dealer facilitates paperwork and ensures the car is recycled on your behalf. A trade-in is when someone actually sells their car to a dealer and is paid by the dealer. Under the C.A.R.S. the dealer is not buying a customers car.

By: Maxwells

Maxwells — Tue, 01 Sep 2009 19:58:24 +0000

If the consumers car is being “traded-in” to a Dealership, shouldn’t it be treated just like any other trade-in? The dealership is the one taking advantage of the Government program by applying for and then receiving these Government checks.

By: Carnival of Personal Finance #220 : Carnival of Personal Finance

Carnival of Personal Finance #220 : Carnival of Personal Finance — Mon, 31 Aug 2009 14:48:03 +0000

[...] Prime Time Money: Cash for Clunkers Tax Rules – What You Owe [...]

By: Cash For Clunkers Tax Rules | Financial Independence in Your 20s | Studenomics

Mon, 31 Aug 2009 04:42:01 +0000

[...] Cash for Clunkers Tax Rules [...]

By: -> Tax Rules And Consequences Of The Cash For Clunkers Program | Bible Money Matters

Mon, 31 Aug 2009 04:34:28 +0000

[...] Cash For Clunkers Tax Rules [...]