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Anybody know more about the tax break on new cars?

Discussion in '2nd Gen. Tacomas (2005-2015)' started by mikeee, Jul 31, 2009.

  1. Jul 31, 2009 at 9:09 PM
    #1
    mikeee

    #1
    mikeee [OP] Active Member

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    mikeee, Jul 31, 2009
    #1
  2. Jul 31, 2009 at 10:49 PM
    #2
    DriverSound

    #2
    DriverSound Señor Member

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    As far as I know, all the tax that you paid for your vehicle is deductible but that doesn't mean that you will get all the taxes that you paid on your truck. I believe it depends on your usable deductions.

    ie, if you donate a car that is valued at $4k, don't expect to get $4k back in a refund.
     
    DriverSound, Jul 31, 2009
    #2

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