Sales Tax Exemption for a new vehicle purchased in New York

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  • Thad
    Junior Member
    • Dec 2009
    • 29

    #1

    Sales Tax Exemption for a new vehicle purchased in New York

    I have a client that purchased a new vehicle in the state of New York in 2017. Are there any special provisions for a tax credit for this state? I live in Virginia and we do have a provisions. The client can select his or her income tax or the sale taxes on a new vehicle.
  • taxea
    Senior Member
    • Nov 2005
    • 4292

    #2
    Originally posted by Thad
    I have a client that purchased a new vehicle in the state of New York in 2017. Are there any special provisions for a tax credit for this state? I live in Virginia and we do have a provisions. The client can select his or her income tax or the sale taxes on a new vehicle.
    by tax law the TP is allowed to add the sales tax for a big ticket item to the sales tax the program calculates. If this total exceeds taxes paid, I always use it.
    Believe nothing you have not personally researched and verified.

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    • Burke
      Senior Member
      • Jan 2008
      • 7068

      #3
      Originally posted by Thad
      I live in Virginia and we do have a provisions. The client can select his or her income tax or the sale taxes on a new vehicle.
      Actually the client can use the sales tax table amount AND add the car sales tax to it. Then if it is more than income taxes, he can use the larger of the two as a deduction on Schedule A. It is a deduction, not a credit.

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