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  2. Is Vehicle Sales Tax Deductible? What You Need To Know - AOL

    www.aol.com/finance/vehicle-sales-tax-deductible...

    Learn how to claim a vehicle sales tax deduction and lessen your tax burden. Find out who qualifies and how you can claim and calculate your deduction.

  3. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    For US federal income tax purposes, state and local taxes are defined in section 164(a) of the Internal Revenue Code as taxes paid to states and localities in the forms of: (i) real property taxes; (ii) personal property taxes; (iii) income, war profits, and excess profits taxes; and (iv) general sales taxes.

  4. Sales Tax Deduction: How to Claim and Save on Your 2025 Taxes

    www.aol.com/sales-tax-deduction-claim-save...

    Yes, the IRS allows you to deduct the sales tax that you paid on a new car, a boat, or even home construction or renovation materials from your return. ... Your sales tax deduction is capped at ...

  5. Government incentives for fuel efficient vehicles in the ...

    en.wikipedia.org/wiki/Government_incentives_for...

    Note these are credits — dollar for dollar tax savings — not merely deductions. The tax credit is to be phased out two calendar quarters after the manufacturer reaches 60,000 new cars sold in the following manner: it will be reduced to 50% if delivered in either the third or fourth quarter after the threshold is reached, to 25% in the fifth ...

  6. The 6 Most Important Tax Deductions You Need to Claim - AOL

    www.aol.com/finance/6-most-important-tax...

    The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax, income tax and sales tax, is $10,000 — $5,000 if you’re married and filing ...

  7. Is Your State Refund Taxable? - AOL

    www.aol.com/finance/state-refund-taxable...

    For the 2021 tax year, the standard deduction for most is $12,550 per person — $25,100 per couple — and it will go up by $400 per individual and $800 per couple for the 2022 tax year.

  8. Ohio sales holiday getting bigger this summer

    www.aol.com/ohio-sales-holiday-getting-bigger...

    Ohio's sales tax holiday is getting bigger this year with the holiday covering 10 days and eligible purchases up to $500 exempt from tax.

  9. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

    www.aol.com/finance/10-tax-deductions-know-2023...

    A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

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    related to: sales tax deduction for new cars ohio in october 5 2021