<cloudhme[at]gmail.com> wrote:

- quote -

it *may* be beneficial to take the sales taxes you paid on
the purchase of the car along w/ other sales taxes allowed
by IRS based on your level of income in lieu of the state
income tax deduction

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

- quote -

The sales tax you pay on the car MAY BE of some benefit to
you if you itemize deductions and live in a low state income
tax state. See the instructions for taxes on Schedule A.

Hybrid cars also got a special adjustment to income in 2005.

--
Don EA in Upstate NY

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

cloudhme[at]gmail.com wrote:

- quote -

The Toyota Camry is not a qualified hybrid or electric car
and you are not eligible for any of those tax benefits.

If your state charges you a personal property tax (a tax
based on the value of the car and collected each year) and
you itemize deductions on Schedule A, you can deduct the
annual tax you pay. Some states collect the tax when you
register the vehicle each year. In some states you get a
bill from the local tax collector. Suffice to say, that
each state is free to disguise the tax by calling it
something else. In California they call it the Vehicle
License Fee (VLF). In Arizona it's the VLT (Vehicle License
Tax). etc. etc.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

cloudhme[at]gmail.com wrote:

- quote -

that is true.

ChEAr$,
Harlan Lunsford, TA & EA in LA
Sat 11 Feb 2006

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

We purchased a new Camry (not hybrid) car in 2005 and
wondering whether we can save some on tax from that
purchase. We heard that only hybrid cars can be claimed for
tax deduction. Is it true? Thanks.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >