New Car Tax Return
02-25-2010, 06:26 AM
#11
JK Enthusiast
Join Date: Apr 2009
Location: Johnson City, TN
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02-25-2010, 07:06 AM
#12
Turbo Tax has a free edition of their software online. If youre filing an easy form or whatever its called, it does really well and super easy to use. Thats what I used.
02-25-2010, 09:02 AM
#13
JK Freak
u will have to check to see if u are eligible or not and if it will be worth the deduction becasue it has something to do with state and local taxes also. to be honest the 2009 tax code is so screwy and worded so the avarage person wont really understand it. even tax pros are having problems this year.
also, this has to be a brand new vehicle (unused) not previuosly owned.
but to answer your question: yes you can get money back. most of the time but not all the time. it is used as a deduction on your taxes, so basically it means u have less taxable income which could mean some money back to you in the refund..
do some searches online for the this or call the IRS or check out their website.
i am not going to get in dept with this as it is very complicated
also, this has to be a brand new vehicle (unused) not previuosly owned.
but to answer your question: yes you can get money back. most of the time but not all the time. it is used as a deduction on your taxes, so basically it means u have less taxable income which could mean some money back to you in the refund..
do some searches online for the this or call the IRS or check out their website.
i am not going to get in dept with this as it is very complicated
Really the question cannot be answer based on what your giving us... For one, you need to know how much you made... How much was taken out... Honestly, if your single no dependents and no schedule A, C, or D then do it yourself unless you know a CPA who will do it for cheap, or even the tax software. Anyways good luck.
02-25-2010, 09:53 AM
#14
JK Jedi Master
I used to use TurboTax Online, but quit a few years back. Their tax software was reporting as taxable by the state of Oklahoma $27K of my military retirement pay. The state had changed that year from the first $10K being tax free, to all military retirement being tax free. I called Intuit up and explained that their software was resulting in an excess of $2K tax for me. They said that they could not help me with my accounting problems. They refused to accept that their software was doing the calculations wrong, even when I provided them the official OK Tax Commission release that explained to software developers the change in calculating the tax. I went to freetaxusa.com that afternoon; it correctly figured my tax, and I've been with them ever since.