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Even if you no longer own that vehicle, the property in your possession on New Year’s Day determines the taxes you will pay for 2023. The deadline to declare your property is March 1.
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Trade in your used car: Trade in your used car to lower your new car's final price and tax obligations. Buy through a private seller: Buying through a private seller can help you avoid some fees.
June is the worst month to buy a used car, with 30.4% fewer deals than average. May (-27.8%) and July (-22.5%) are also tough months for bargain hunters. And bad news for fathers hoping for some ...
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CarGurus shares answers to the most important questions about taxes when buying and selling a car.
So if you're buying a car worth $30,000 and your trade-in is worth $20,000, you'd be charged taxes only on the $10,000 difference between your new vehicle and your old one.
“The fact of the matter is that these penalties only apply in circumstances where the taxpayer owes taxes, and they are not paid by the due date. If a taxpayer is due a refund, the April 15 date ...