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February 5, 2025
Question

Does a major purchase include buying a car that is financed through a bank or does it have to be cash only?

  • February 5, 2025
  • 1 reply
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    1 reply

    Employee
    February 5, 2025

    It can include a car that  is financed.

     

    Sales tax is an itemized deduction.  Unless you have enough other itemized deductions to exceed your standard deduction the sales tax will have no effect on your tax due or refund.

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**