sterling/silver gt500 Posted December 13, 2009 Report Share Posted December 13, 2009 i know there`s a deduction on sales tax up to 49,500 for 2009.how about gas guzzler tax? thanks!! Link to comment Share on other sites More sharing options...
SVT NAJA Posted December 13, 2009 Report Share Posted December 13, 2009 i know there`s a deduction on sales tax up to 49,500 for 2009.how about gas guzzler tax? thanks!! Great question. I hope TS has an IRS member that can tell us. That would be SWEET! :happy feet: Link to comment Share on other sites More sharing options...
lawdude Posted December 13, 2009 Report Share Posted December 13, 2009 While you're at it, see if I can write off my federal income taxes too. Link to comment Share on other sites More sharing options...
petrong1186 Posted December 13, 2009 Report Share Posted December 13, 2009 i know there`s a deduction on sales tax up to 49,500 for 2009.how about gas guzzler tax? thanks!! the gas guzzler tax is an excise tax, not a sales tax. Any kind of sales tax rebates would not apply to the gas guzzler tax Link to comment Share on other sites More sharing options...
4632R Posted December 13, 2009 Report Share Posted December 13, 2009 I tried, no dice. Link to comment Share on other sites More sharing options...
cbr1000 Posted December 13, 2009 Report Share Posted December 13, 2009 the gas guzzler tax is an excise tax, not a sales tax. Any kind of sales tax rebates would not apply to the gas guzzler tax Excise taxes (GGT/gas guzzler tax) is tax deductible for 2009. Car Sales and Excise Tax Deduction: Questions and Answers Q. What is this new car sales tax deduction? A. The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of qualified new vehicles through 2009. I posted a link, but it's not working for some reason. Go to irs.gov and search for sales and excise tax deductions. Link to comment Share on other sites More sharing options...
petrong1186 Posted December 13, 2009 Report Share Posted December 13, 2009 Excise taxes (GGT/gas guzzler tax) is tax deductible for 2009. Car Sales and Excise Tax Deduction: Questions and Answers Q. What is this new car sales tax deduction? A. The American Recovery and Reinvestment Act of 2009 provides a deduction for state and local sales and excise taxes paid on the purchase of qualified new vehicles through 2009. I posted a link, but it's not working for some reason. Go to irs.gov and search for sales and excise tax deductions. oh ok. the OP didn't mention it is both sales and excises taxes that are tax deductible for 2009. with excise taxes deductible this year, the gas guzzler tax is eligible. thanks for posting that info cbr1000 as i was not aware of these ARRA tax deductions hello lower taxable income :happy feet: Link to comment Share on other sites More sharing options...
lawdude Posted December 13, 2009 Report Share Posted December 13, 2009 Oh goody - I'll only owe $99,700 in Federal taxes for this year. Link to comment Share on other sites More sharing options...
lawdude Posted December 14, 2009 Report Share Posted December 14, 2009 Kramer: "It's a write-off for them." Seinfeld: "How is it a write-off?" Kramer: "They just write it off." Seinfeld: "Write it off what?" Kramer: "Jerry, all these big companies -- they write-off everything." Seinfeld: "You don't even know what a write-off is." Kramer: "Do you?" Seinfeld: "No, I don't." Kramer: "But they do, and they're the ones writing it off." Link to comment Share on other sites More sharing options...
BDrool Posted December 14, 2009 Report Share Posted December 14, 2009 Hate to spoil your return but, you cannot claim the "Gas Guzzler Tax" unless you use your vehicle for business. However, you can always ask a tax preparer to confirm. Ref: IRS Pub 17, pg 153 Sorry, sorry, sorry....... Link to comment Share on other sites More sharing options...
cbr1000 Posted December 14, 2009 Report Share Posted December 14, 2009 Hate to spoil your return but, you cannot claim the "Gas Guzzler Tax" unless you use your vehicle for business. However, you can always ask a tax preparer to confirm. Ref: IRS Pub 17, pg 153 Sorry, sorry, sorry....... I'm not a tax guru...you may be right, any accountants here? http://www.irs.gov/publications/p17/ch22.html <----- try this link. Pub 17 bottom half of the page speaks about the "sales or excise" tax deduction. I'm pretty sure you can deduct ggt for 2009 only, but not 100% sure. Link to comment Share on other sites More sharing options...
bring500 Posted January 15, 2010 Report Share Posted January 15, 2010 I'm not a tax guru...you may be right, any accountants here? http://www.irs.gov/publications/p17/ch22.html <----- try this link. Pub 17 bottom half of the page speaks about the "sales or excise" tax deduction. I'm pretty sure you can deduct ggt for 2009 only, but not 100% sure. I did a little more checking on this issue and concluded the GGT is a federal excise tax, not a state or local one, thus cannot be deducted. Bummer! Link to comment Share on other sites More sharing options...
bpmurr Posted January 16, 2010 Report Share Posted January 16, 2010 Oh goody - I'll only owe $99,700 in Federal taxes for this year. I wish I had that problem. I'm sitting here collecting $405 a week in unemployment until I find a new job. Laid off twice in 2009 from two different companies. This economy stinks and there is no stability out there other than (gulp) government jobs. Link to comment Share on other sites More sharing options...
lawdude Posted January 16, 2010 Report Share Posted January 16, 2010 Don't believe everything you read on the internet. Link to comment Share on other sites More sharing options...
jsarkis Posted February 4, 2010 Report Share Posted February 4, 2010 I wish I had that problem. I'm sitting here collecting $405 a week in unemployment until I find a new job. Laid off twice in 2009 from two different companies. This economy stinks and there is no stability out there other then (gulp) government jobs. Sounds like it's time for you to start racing for pink slips! (sorry to hear about your job, keep your chin up it'll change) Link to comment Share on other sites More sharing options...
iamlightning03 Posted February 5, 2010 Report Share Posted February 5, 2010 3100 dollers in sales tax for my car. only getting 500 of it back . ouch . any one else? Link to comment Share on other sites More sharing options...
bpmurr Posted February 5, 2010 Report Share Posted February 5, 2010 Sounds like it's time for you to start racing for pink slips! (sorry to hear about your job, keep your chin up it'll change) Thanks! I'm finally starting to hear back from some companies. Hopefully I'll land something soon. 3100 dollers in sales tax for my car. only getting 500 of it back . ouch . any one else? I'm not surprised. I'm expecting the same when I do my taxes. Just another government gimmick but it's something. Link to comment Share on other sites More sharing options...
iamlightning03 Posted February 5, 2010 Report Share Posted February 5, 2010 yea , its goin back into the car anyways . Link to comment Share on other sites More sharing options...
John Allen Posted February 5, 2010 Report Share Posted February 5, 2010 Gas Guzzler is gone on the 2011 anyway so don't worry about tax deduction. :happy feet: :happy feet: Link to comment Share on other sites More sharing options...
cbr1000 Posted February 5, 2010 Report Share Posted February 5, 2010 Gas Guzzler is gone on the 2011 anyway so don't worry about tax deduction. :happy feet: :happy feet: That's helpful Link to comment Share on other sites More sharing options...
bpmurr Posted February 5, 2010 Report Share Posted February 5, 2010 Gas Guzzler is gone on the 2011 anyway so don't worry about tax deduction. :happy feet: :happy feet: We don't know for sure yet. There are no official EPA numbers and still a space for GG tax on the 2011 window sticker.... Link to comment Share on other sites More sharing options...
John Allen Posted February 5, 2010 Report Share Posted February 5, 2010 We don't know for sure yet. There are no official EPA numbers and still a space for GG tax on the 2011 window sticker.... I got my "VEHICLE ORDER CONFIRMATION" printout today with pricing and there is no GG on it. Thats all I based my comment on. :-) Link to comment Share on other sites More sharing options...
Red08Shelby Posted February 26, 2010 Report Share Posted February 26, 2010 I got my "VEHICLE ORDER CONFIRMATION" printout today with pricing and there is no GG on it. Thats all I based my comment on. :-) I don't think it does show up on the order sheet. It will appear on the invoice copy and of course the window sticker. By the way, I have always deducted gas guzzler taxes under "other taxes paid". Link to comment Share on other sites More sharing options...
cbr1000 Posted February 26, 2010 Report Share Posted February 26, 2010 I don't think it does show up on the order sheet. It will appear on the invoice copy and of course the window sticker. By the way, I have always deducted gas guzzler taxes under "other taxes paid". I deducted it as well under sales or excise taxes of new vehicle. It's an excise tax. It got deducted. Hopefully uncle sam won't be knocking on my door. edit: btw, welcome. I just noticed your location. I'm in Lee's Summit. Link to comment Share on other sites More sharing options...
John Allen Posted February 26, 2010 Report Share Posted February 26, 2010 I don't think it does show up on the order sheet. It will appear on the invoice copy and of course the window sticker. By the way, I have always deducted gas guzzler taxes under "other taxes paid". The Gas Guzzler tax is GONE on the 2011 GT 500!!! Confirmed by Ford :happy feet: :happy feet: Link to comment Share on other sites More sharing options...
SteelTownStang Posted February 26, 2010 Report Share Posted February 26, 2010 I deducted it as well under sales or excise taxes of new vehicle. It's an excise tax. It got deducted. Hopefully uncle sam won't be knocking on my door. edit: btw, welcome. I just noticed your location. I'm in Lee's Summit. I agree... It's defined as an excise tax... write it off: Link to comment Share on other sites More sharing options...
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