How much federal taxes will I get back after my new car purchase?

January 12th, 2010 | by admin |


I recently purchased a brand new car. I paid $1280 in sales tax for Michigan. How much additional will I get back in Federal taxes? I make $30,000 a year and I am married and have 2 children. Help me out if you can.

Depends on your tax bracket. If you’re in a 15% bracket, you’ll "get back" about 15% of that $1280.

  1. 2 Responses to “How much federal taxes will I get back after my new car purchase?”

  2. By jlf on Jan 13, 2010 | Reply

    Depends on your tax bracket. If you’re in a 15% bracket, you’ll "get back" about 15% of that $1280.
    References :

  3. By Bash Limpbutt's Oozing Cyst© on Jan 13, 2010 | Reply

    In your case the sales tax deduction won’t help you. Your tax liability is already $0 before the deduction is taken into consideration.
    References :

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