Tax Write off - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

zandron263 · 02-05-2012, 11:31 AM

I live in NY and I looked at the sales tax deduction for the Camaro. However with the high income tax rate in NY it was not even close to not take the income deduction for me.

apeko · 02-05-2012, 11:57 AM

Quote:

Originally Posted by knitetrain05

Wow, I thought you could write off the tax's paid on a new car. But I guess you can't unless its a "green Car". Dam

You picked the wrong color I guess...LOL.
My Camaro is a Hybrid.....I burnd gas and rubber that is why its so green.

Captain Awesome · 02-05-2012, 12:00 PM

Quote:

Originally Posted by knitetrain05

Wow, I thought you could write off the tax's paid on a new car. But I guess you can't unless its a "green Car". Dam

How is this fair and equal treatment for everyone?

buzzy56 · 02-05-2012, 12:05 PM

Quote:

Originally Posted by Captain Awesome

How is this fair and equal treatment for everyone?

You don't know OUR government yet ! Bunch of WHACKOS.Take from haves and give to the have nots.The new good old American way.

Rockies4 · 02-05-2012, 01:05 PM

I knew I wanted a Camaro back 2009, and I knew about the tax deduction that year.

I was able to find a dealer that gave me a fair deal and I took delivery on 12/23/09.

Best Christmas ever!

knitetrain05 · 02-05-2012, 09:26 PM

Quote:

Originally Posted by knitetrain05

Wow, I thought you could write off the tax's paid on a new car. But I guess you can't unless its a "green Car". Dam

OK, But Im in Crappy old NY. Did any body do a write off from NY??

Justification · 02-05-2012, 10:22 PM

What Taxes exactly are you talking about?
Sales tax, yearly registration fee or Yearly property tax?
One of the questions on my accountants packet for my taxes is: Did you make any large purchases (vehicles, et) or home improvements?
Sales tax should be a miscellaneous deduction.
Registration Fee is not deductable.
Property tax; not sure but I think it depends on how the come up with the tax be it age based or value based as to whether it is deductable or not.

knitetrain05 · 02-07-2012, 08:25 PM

Quote:

Originally Posted by Justification

What Taxes exactly are you talking about?
Sales tax, yearly registration fee or Yearly property tax?
One of the questions on my accountants packet for my taxes is: Did you make any large purchases (vehicles, et) or home improvements?
Sales tax should be a miscellaneous deduction.
Registration Fee is not deductable.
Property tax; not sure but I think it depends on how the come up with the tax be it age based or value based as to whether it is deductable or not.

Poor lost camaro owner responder, Read my ORIGNAL POST (The truth you seek young jedi will be found there. Now, go you!

02-05-2012, 11:31 AM	#29
zandron263 Drives: 2011 2LT RS IOM Convertible Join Date: Dec 2010 Location: Buffalo, NY Posts: 2,020 View My Garage	I live in NY and I looked at the sales tax deduction for the Camaro. However with the high income tax rate in NY it was not even close to not take the income deduction for me. __________________ My Build Thread http://www.camaro5.com/forums/showthread.php?t=324276

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02-05-2012, 01:05 PM	#33
Rockies4 Drives: PT Cruiser 02 Join Date: Jan 2009 Location: Santa Maria, California Posts: 791	I knew I wanted a Camaro back 2009, and I knew about the tax deduction that year. I was able to find a dealer that gave me a fair deal and I took delivery on 12/23/09. Best Christmas ever!

02-05-2012, 10:22 PM	#35
Justification Drives: Red 2SS/RS Convertible Join Date: Aug 2010 Location: Utah Posts: 254 View My Garage	What Taxes exactly are you talking about? Sales tax, yearly registration fee or Yearly property tax? One of the questions on my accountants packet for my taxes is: Did you make any large purchases (vehicles, et) or home improvements? Sales tax should be a miscellaneous deduction. Registration Fee is not deductable. Property tax; not sure but I think it depends on how the come up with the tax be it age based or value based as to whether it is deductable or not.