Posts Tagged ‘tax deduction vehicle weight’
Tax Deduction Vehicle
March 3rd, 2010
Question: Is the 2009 tax deduction itemized or is it added to the standard deduction?
I purchased a new car and was informed that i could deduct the sales tax. Filed my return but my preparer said that the standard deduction was greater than the sales tax of the vehicle so it didnt make sense to itemized it. I thought this tax deduction was in addition to the standard deduction?
Answer: You won’t get many answers here as the category is Taxes > Canada and this is a US question.
Your preparer is wrong: follow the instructions for form 1040 line 40a and Schedule L.
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Does your business need tax help? Here’s what to avoid
Tax season is here, and deadlines are coming up a lot faster than most of us want to admit. If you’re stressing about income tax returns for your business, here are some helpful tips from the Associated Press.
TaxPlus – Tax Tips “Business Use of Vehicle”
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