Can you write off car payments for LLC? Whether you use your car for personal and business purposes or use it exclusively for LLC business, some or all of the car expenses you incur are deductible. What expenses can an LLC deduct? The following are some of the most common LLC tax deductions across industries: Rental expense. LLCs can deduct the amount paid to rent their offices or retail spaces. …

How can I avoid paying sales tax on a car? You can avoid paying sales tax on a used car by meeting the exemption circumstances, which include: You will register the vehicle in a state with no sales tax because you live or have a business there. You plan to move to a state without sales tax within 90 days of the vehicle purchase. Can you buy a car out …

Why are rental cars taxed so much? This is because California assesses more taxes — 56 cents per gallon — and because of supply and demand. On Monday, AAA reported California’s average regular gas price at $4.06 gallon, followed by Hawaii ($3.66) and Nevada ($3.39). What is the government rate for rental cars? The Government Administrative Rate Supplement (GARS) is charged on all official travel. This is a $5/day per …

Do you pay tax on a gifted car in NY? If the vehicle was a gift or was purchased from a family member, use the Statement of Transaction {Sales Tax Form} (pdf) (at NY State Department of Tax and Finance) (DTF-802) to receive a sales tax exemption. The bill of sale must show the purchase price and the amount of out-of-state sales tax paid to the dealer. How much is …

What taxes do I have to pay if I buy a car out of state? You do not need to pay the sales tax if you are disabled. Sales taxes can be tricky when you buy a car out-of-state. Generally, you pay the dealer the sales tax, and the dealer sends the revenue to your home state, but exceptions abound. Make sure you consult your local DMV before making a …