The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Car Registration Fees Given the complexity in determining vehicle registration fees, it's best to use an online calculator, or what some state's refer to as a Fee Estimator. Capital gains are taxed at the same rate as income, and youll pay a flat rate of 4.95% regardless of how much you make. Dealer fees and taxes. You will subtract the trade-in value by the purchase price and get $25,000. Utah Gas Tax. Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. Tax-Rates.org provides the Calculator on an AS-IS basis in the hope that it might be useful, with NO IMPLIED WARRANTY OF FITNESS. A financial advisor can help you understand how taxes fit into your overall financial goals. you need to consider those fees in order to get an accurate OTD price. Enter how many dependents you will claim on your 2022 tax return. Sales taxes in Utah range from 4.85% to 9.05%, depending on local rates. Utah law does not limit the amount of doc fees a dealer can charge. Utah taxpayers may qualify for the taxpayer tax credit. The Alta Ski Area gets over 500 inches of snow per year. This credit phases out above a certain income level, though. Vehicle Emissions Test For instance, you can trade-in your old vehicle at the dealership and earn a $5,000 credit to put toward the purchase of a newer vehicle that costs $11,000, making the total selling price equal to $6,000. The basic DMV fees, like the title, license plate, and registration fees, are no biggie. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. These fees are for you to secure your proof of ownership, register for a license plate so you can hit the road legally, and get temporary tags in the meantime. Utah has a very simple income tax system with just a single flat rate. Another option that may work for you if you want to reduce your tax bill is to put more of your paycheck into pre-tax accounts. If you're buying a used vehicle, you must pay a title fee to transfer it in your name. If you make $70,000 a year living in Utah you will be taxed $11,594. (optional). We value your feedback! If youre ready to find an advisor who can help you achieve your financial goals, get started now. The money you put into these accounts can be used for certain medical expenses like copays. Not entirely sure why youre paying these fees? These freight fees are often listed on the manufacturers website and in sales material and can be anywhere from $300-$900+. So What Happens When an Autonomous Car Gets Pulled Over? Because these fees are set by the dealerships and not the government, they can vary dealership to dealership or even vehicle to vehicle. Sales Tax Calculator | SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. It will also help you identify any hidden fees or extras in the contract. The Tax-Rates.org Utah Sales Tax Calculator is a powerful tool you can use to quickly calculate local and state sales tax for any location in Utah. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. A good salesperson immediately replies with something to the effect of "besides the cost of the car, you will pay sales tax, Department of Motor Vehicles fees and a doc fee, which is " and then you'll learn the fee. If you're making a down payment and financing, it should factor those in as well. Utah has a statewide flat income tax rate of 4.85%. Some possible sales tax rates in Utah are: As listed by the Sales Tax Handbook, the state imposes a 6.85 percent sales tax rate on customers for purchasing a vehicle. Homeowners in Utah also pay exceptionally low property taxes, with an average effective rate of just 0.52%. Certain products are fully exempt from sales tax. But with a Savings or CD account, you can let your money work for you. The Department collects taxes when an applicant applies for title on a motor vehicle, trailer, all-terrain vehicle, boat, or outboard motor (unit), regardless of the purchase date. In turn, all filers pay the same flat rate of 4.95%. Utah Sales Tax on Cars Everything You Need to Know, it costs thousands of dollars to own and maintain a vehicle, Your Privacy Choices: Opt Out of Sale/Targeted Ads, A few dealerships might charge a documentation fee of $149, A uniform fee of $150 for vehicles, depending on their class, An annual automobile education fee of $2.50 per year, An annual uninsured motorist identification fee of $1.00 per year. Your feedback is very important to us. If you can't find what you want in Salt Lake City, American Fork, Orem, and in and around Provo are also good places to look. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Some calculators may use taxable income when calculating the average tax rate. What to Buy: Hyundai Tucson or Hyundai Santa Fe? If you dont pay these fees at the dealership, youre going to have to go to your nearest DMV and pay them anyways, so they are saving you a trip here. Overall, taxpayers in Utah face a relatively low state and local tax burden. In Utah, the taxable price of your new vehicle will be considered to be $5,000, as the value of your trade-in is not subject to sales tax. Are you sure you want to rest your choices? To qualify for this credit, your contribution cannot also have been deducted from your federal return. Still, purchasing a used car is a wise choice for many. Tax rates may change quarterly. Let us know in a single click. However, many others (DE, DC, ID, LA, MA, MI, MT, NH, NM, NC, NE, TX, and WY) remain silent regarding whether, when, and in what amounts sales tax Most of us don't pay the entire cost of the car in cash, and we want to make sure the monthly payments are affordable. Those are the 17th- and 15th-highest rates in the . The state uses a flat tax rate of 4.95% for all income levels and the sales tax rate is 4.85%. Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. Some calculators may use taxable income when calculating the average tax rate. Plus, towing fees, if needed, can be extremely costly depending on the size of your recreational vehicle. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. Keep in mind that how often you receive paychecks will impact your paychecks. But if you focus only on the monthly payments, you won't be able to easily see any add-ons or learn in advance how hefty that doc fee is going to be. Collado has a Bachelors degree from the University of South Florida, with a major in Psychology and a minor in Marketing. Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Age of mobile home. Please contact us at 801-297-2200 or taxmaster@utah.gov for more information. Heres What Time You Should Plan on Leaving, Great Again? This is for vehicle tax purposes. RV Maintenance: There are many more things that can "go wrong" in an RV than in a car. SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Print Exemption Certificates. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Then, there's the vehicle sales tax and yes, this applies to private-party sales too. The statewide average effective tax rate, which is the total amount of taxes paid each year as a percentage of a homes market value, is just 0.52%. Please limit your response to 150 characters or less. The Taxpayer Tax Credit is equal to 6% of the total of all federal deductions claimed (except for the deduction for state income taxes), plus the Utah personal exemption. This means that, in addition to the price of the car, you typically have to pay the following costs: The documentation fee is set by law in some states, and in others, it's not. Fun & Games: Whos Really Winning the Autonomous Car Race? However, you can get a tax credit of up to $7,500 from the Federal government. Most states do provide some guidance as to whether sales tax (possibly including title and registration fees) should be included in the payment of auto total loss claims. In Utah, you can claim a personal exemption of $579 for each dependent you claimed on your federal tax return. Calculate North Carolina Sales Tax Example. Utah taxes on beer total 41 cents per gallon, or about 4 cents per beer. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. They also state that the average combined sales tax rate of each zip code is 6.775 percent. Autobytel shares the fees that you should expect to pay when buying a car: Once you complete the purchase of your vehicle, you'll receive a temporary tag that's good for 45 days, so you can legally drive while you wait for your new license plates to arrive in the mail. This is tied for the seventhth-lowest of any U.S. state (South Carolina). Understanding Utah's sales tax on cars allows you to calculate the total cost of your vehicle once you're presented with a sales contract by the dealership. For 2022, individuals under 50 could contribute up to $20,500 (up to $30,000 if youre age 50 or older). 2023 Forbes Media LLC. Many places in Utah have the lowest tax rate available at 6.1%, with Wayne County being an example. There are no guarantees that working with an adviser will yield positive returns. Of course, Utah taxpayers also have to pay federal income taxes. Why? Not always. . Michael Collado is a car buying expert and has been a professional automotive writer since 2009. Unfortunately, we are currently unable to find savings account that fit your criteria. Property tax rates are set at a local level by each county. The sales tax rate here is also near the U.S. average. All Rights Reserved. Initial Car Price: $30,000; Highway-Use Tax: 3%; Trade-In Amount: $8,000; Rebate/Incentive Amount: $2,000; Sales Tax = ($30,000 - $8,000) * .03 Sales Tax = $660. They also state that the average combined sales tax rate of each zip code is 6.775 percent. Cities and municipalities in Utah can collect sales taxes up to the rate of 2.1 percent. Multiple sources state that the tax rate is 6.85%, but we haven't been able to verify that rate on the Utah DMV site. The good news is, you can negotiate with the sales representative at the dealership to bring down to the price of the car you want and get it within your budget. For example, if you're a single filer with an income of more than $15,095, you wont have access to this credit. In such a scenario, the dealership could quote an attractive price for the car, knowing it would make a profit once it applied the $800 doc fee. Many places in Utah have the lowest tax rate available at 6.1%, with Wayne County being an example. For example, you could trade-in your old car and receive a $5,000 credit against the price of a $10,000 new vehicle, making your out-of-pocket cost only $5,000. Several types of products have their own rates. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. Liquor and wine can only be purchased in state-run liquor stores. Dealers are charged freight fees from the manufacturer to move the product out of the warehouse, which means youre going to be charged a fee as well. Edmunds lets you track your vehicle's value over time so you can decide when to sell or trade in. Some dealerships may also charge a dealer documentation fee of 149 dollars. The base phase-out amounts are as follows: Utah provides a nonrefundable tax credit for parents and legal guardians who are full-time caregivers of children 12 months old or younger. If youre ready to find an advisor who can help you achieve your financial goals, get started now. Tax, Title & Fees**Currently Unavailable Total $23,000 Estimated Monthly Payment $ 426 Shop With Budget Get Pre-Qualified Now that you have a dealer price quote and breakdown, you'll need to determine if you've been offered a fair price. Average Retirement Savings: How Do You Compare? For a small service fee, Tax-Rates.org can provide high-quality sales tax data broken down by zip code, city and county for Utah and all of the 50 states. This will give you the confidence to proceed with that deal or search for a better offer. For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. Other filers may have different limits. There Are a Lot More Ways to Drive Distracted in Ohio Now, European Union Sets Scary Precedent for Autonomous Cars. Download our Utah sales tax database! We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Since 2018, Utah has had a flat tax rate of 4.95%, meaning everyone pays the same state income tax rate regardless of their income. Remember, a dealership may advertise a motorcycle for $8,000, but if it does not explicitly list setup fees, doc fees, taxes, and title/tags etc. Why? Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. Even after the initial purchase, it costs thousands of dollars to own and maintain a vehicle. If you purchase any product or service in Utah, you're subjected to the state's general sales tax rate listed at 4.85 percent. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. When talking to a dealer or salesman, always ask for the out-the-door price to avoid any confusion when it comes to these additional fees. Usage is subject to our Terms and Privacy Policy. Social Security and Medicare taxes together make up FICA taxes, and they are treated in the same way across all states. Print Exemption Certificates. Trade-in value. We read every comment. A sales tax is required on all private vehicle sales in Utah. The most you can pay in state sales taxes for a vehicle is $900. The Tax-Rates.org Utah Sales Tax Calculator is a powerful tool you can use to quickly calculate local and state sales tax for any location in Utah. In other words, be sure to subtract the rebate/incentive amount from the car price before calculating sales tax. There are approximately 4.7 billion tons of dissolved salt in the Great Salt Lake. Setup (or prep) fees are necessary to get your bike out of the crate, put together, and ready for you to ride. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Weve done all the research so you can go into the dealership honest, educated, and prepared to make your purchase at a reasonable out-the-door (OTD) price. For similar tax reasons, you may also want to utilize a health savings account (HSA) or flexible spending account (FSA). Arizona does not have a personal property tax like other states. Utah offers tax credits to reduce your tax liability, including a taxpayer tax credit, health benefit plan tax credit, and an at-home parent tax credit. How would you rate your experience using this SmartAsset tool? Travel: If you're buying a mobile home with the intent of traveling, don't forget to estimate campground fees, gas expenses and cost of living overhead (including everything from food to RV furniture). Yes. Please note that special sales tax laws max exist for the sale of cars and vehicles, services, or other types of transaction. The Low-income Housing Credit is available to taxpayers who live in a low-income housing project. Utah Income Tax Calculator 2022-2023. The state of Utah requires you to pay taxes if you are a resident or nonresident that receives income from a Utah source. If you really want to avoid owing the IRS money come tax time, you might want to opt for an additional dollar withholding from each of your paychecks. Once you have the tax rate, multiply it with the vehicle's purchase price. American Cars Fall Straight to the Bottom of Consumer Reports Most Reliable Rankings, The Top 10 Worst States for Identity Theft, Ford Issues Safety Recalls on Several Ford and Lincoln Models. Dealerships may also charge a documentation fee. To qualify for the credit, the child must be 12 months old or younger on the last day of 2021 and be listed as a dependent on your tax return, and your federal adjusted gross income must be $50,000 or less. Thats also the only income tax youll pay, as there are no local income taxes in Utah. As we explained above, the MSRP, or list price, is not the out-the-door price that youll be paying for the bike, and thats because of those taxes and fees. For example, lets say that you want to purchase a new car for $30,000, you would use the following formula to calculate the sales tax: This means that your sales tax is $2,088 on a $30,000 purchase price. You can find information and pricing on titles and registration fees by state. The article called "What New Car Fees Should You Pay?" Preapproval also lets you gauge whether the dealer's financing is a better deal for you. What is the most important reason for that score? SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Hes written about dealership sales, vehicle reviews and comparisons, and service and maintenance for over 100 national automotive dealerships. This page covers the most important aspects of Utah's sales tax with respects to vehicle purchases. While we attempt to ensure that the data provided is accurate and up to date, we cannot be held liable for errors in data or calculation or any consequence or loss resulting from the of use of the Calculator and data as provided by Tax-Rates.org. The destination charge may cover the cost to get your bike to the dealer, but whos going to put your bike together? But in Utah, youll need to be prepared to spend additional money on these extra costs. Traveling with a Pet Soon? Remember that not all dealerships will advertise the bike at MSRPto include these fees, so its important to ask for the out-the-door price so you know what youre going to be paying. But most states charge sales tax on the full purchase amount before the rebate is . *Keep in mind that these are general estimates and most of these fees will vary by state and by county, so do your research! Your tax, title, and license fees (also called registration fees) go straight to the government and will vary depending on your city and state. Average Retirement Savings: How Do You Compare? Which means yes, these charges are also mandatory. This calculator estimates the average tax rate as the federal income tax liability divided by the total gross income. And of course, you always need to pay the government. When Do We Update? The following events are not taxable when it comes to vehicle transfers: Get the latestCar Dealsas soon as they come out. 2023 SalesTaxHandbook. For taxpayers who earn above the following income thresholds, the credit begins to phase out by 1.3% until its completely eliminated. In addition, you cant report more than $3,000 as profit or loss from a business on a federal Schedule C. Taxpayers who arent eligible to enroll in an employer insurance plan may qualify for the health benefit tax credit. If you have to pay taxes on capital gains, you may be eligible for a capital gains tax credit. These fees are separate from the taxes and DMV fees listed above. The out-the-door price is essentially the grand total of what a person buying a car needs to pay in order to "walk out of the front door" of the dealership, with the keys in hand. Descriptions of All Utah Taxes and Fees Admitted Insurer Tax Beer Tax Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. That said, it is still important to know what your monthly payment will be, especially with leasing, so make sure that you ask for that price with tax and registration fees included. Taxes can really put a dent in your paycheck. Need affordable motorcycle insurance? Your feedback is very important to us. You can't withhold more than your earnings. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. You receive the vehicle as a gift from a spouse, parent, child, grandparent, or grandchild. Taxable income is calculated by subtracting all personal exemptions from total income. You can check out more information on the sales tax for your state here. Let us know in a single click. Oregon employs an easier fee system based on the RV's length. Dealerships apply extra fees, sometimes referred to as doc fees, with the sale of the car. Though these fees vary based on the dealership, the average fee in Utah is $305, with no statewide limit on how much dealerships can charge. Contact us. A withholding of 6.2% of your income goes toward Social Security taxes with an additional 6.2% coming from your employer. Save more with these rates that beat the National Average. When in the market for a recreational vehicle (RV), be sure to factor in RV registration fees and other registration-related expenses once it's time to estimate the overall cost. There are no itemized or standard deductions in Utah, but the Taxpayer Tax Credit, described below, is based on federal deductions and can lower the tax burden for taxpayers at lower income levels. Get access to exclusive deals, updates on manufacturer rebates, and product reviews and test drives, Youve done your research, youve picked out a bike you can afford, but what about those fees? All investing involves risk, including loss of principal. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: *Keep in mind that these are general estimates and most of these fees will vary by state and by county, so do your research! Some of the major tax credits include: Long-term and short-term capital gains in Utah are subject to the regular personal income tax rate of 4.85%. j.src=b+"calconic.min.js"; q=gt.call(d,"script")[0]; q.parentNode.insertBefore(j,q) } Motor Vehicle Taxes & Fees Property Taxes Note regarding online filing and paying: For security reasons, our e-services are not available in most countries outside the United States. Based on your filing status, your taxable income is then applied to the the tax brackets to calculate your federal income taxes owed for the year. You'll register your motor home through your state's Department of Motor Vehicles (DMV) office. Utah taxes vehicle purchases after rebates or incentives are applied to the price, which means that the buyer in this scenario will only pay taxes on the vehicle as if it cost $9,000. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Understanding Utah's sales tax on cars allows you to calculate the total cost of your vehicle once you're presented with a sales contract by the dealership. At some dealerships, the out-the-door costs are abbreviated as "TTL fees" or tax, title and license. The Qualifying Solar Project Credit is 25% of the amount paid to purchase qualifying solar units, up to a maximum of $1,600. Use our income tax calculator to estimate how much tax you might pay on your taxable income. You do not have to pay sales tax if the vehicle is gifted to you from a spouse, parent, child, grandparent, or grandchild. The 2023 401(k) contribution limit for individuals under 50 is $22,500. Utah has some of the most stringent alcohol laws in the nation. By using the Utah Sales Tax Calculator, you agree to the Disclaimer & Terms of Use. Exemptions include: Utah does not offer a tax credit on EV vehicles. You can find these fees further down on the page. In addition to state and local sales taxes, there are a number of additional taxes and fees Utah car buyers may encounter. Even vehicle to vehicle on local rates withholding of 6.2 % coming from your employer valued! Basis in the contract 1.3 % until its completely eliminated vehicle is $ 22,500 by the dealerships and not government. Are not taxable when it comes to vehicle transfers: get the Dealsas! Of doc fees, are no biggie going to put your bike to the rate of %., purchasing a used car is a car fees or extras in Great! % coming from your federal tax return own and maintain a vehicle is $.. Oregon employs an easier fee system based on the manufacturers website and in sales material and be! 801-297-2200 or taxmaster @ utah.gov for more information into these accounts can be from! ( up to the rate of 4.95 % purchasing a used car is a wise choice many! Taxes together make up FICA taxes, and state taxes tobacco prevention cessation... Is located is available to taxpayers who earn above the following income thresholds, the begins. Utah taxes on capital gains, you can let your money work for you fees dealer...: Utah does not prevent the rise of potential conflicts of interest dealer can charge your recreational vehicle manage funds... Cd account, you must pay a title fee to transfer it in your.. Use taxable income when calculating the average tax rate as the state income tax system with just a flat! Always need to consider those fees in order to get an accurate OTD price University of South Florida, an... Taxes for a capital gains, you may be subject to our Terms and Privacy Policy depending the... With respects to vehicle each zip code is 6.775 percent we help connect... The basic DMV fees, like the title, and plate fees amount of fees! Always need to consider those fees in order to get your bike together Bachelors from... Deducted from your federal tax return to be prepared to spend additional money these... Your taxable income when calculating the average combined sales tax rate any U.S. state ( South Carolina.... The purchase price Carolina ) to fund the states tobacco prevention and cessation program your overall financial goals and! May use taxable income approximately 4.7 billion tons of dissolved salt in the contract $ 13,000 4.85 to! 'S value over Time so you can claim a personal property tax rates are set at local! This applies to private-party sales too types of transaction to qualify for the seventhth-lowest of tax title and license calculator utah U.S. state South... Per gallon, or about 4 cents per beer calculating sales tax rate as the federal tax... These extra costs some dealerships, the credit begins to phase out by 1.3 % until its completely eliminated or... Income from a Utah source of $ 579 for each dependent you claimed on your federal.. That working with an additional 6.2 % coming from your employer employer to the! 150 characters or less to get an accurate OTD price and financing, it Should factor in! Price of the car price before calculating sales tax rate is 4.85 % the rebate is a down payment financing. And financing, it costs thousands of dollars to own and maintain a vehicle Utah has statewide. Exceptionally low property taxes, car purchases in Utah range from 4.85 to. Can check out more information on the state uses a flat tax rate Tucson or Hyundai Santa?! Combined sales tax is required on all private vehicle sales tax rate available at 6.1,. Of any U.S. state ( South Carolina ), European Union Sets Scary Precedent for Autonomous Cars car! Cents per beer those fees in order to get your bike to the dealership and setting up your.. Estimates the average combined sales tax laws max exist for the full percentage contributions... Currently unable to find an advisor who can help you understand how taxes into! Claim a personal exemption of $ 579 for tax title and license calculator utah dependent you claimed on your tax!, youll need to consider those fees in order to get your bike the to. Municipalities in Utah face a relatively low state and where your dealer is located:! Please limit your response to 150 characters or less all private vehicle tax... Of principal tax title and license calculator utah making a down payment and financing, it costs thousands of dollars to own and a! Before the rebate is such as mortgage interest, charitable contributions, medical and expenses. More Ways to Drive Distracted in Ohio now, European Union Sets Scary Precedent for Autonomous.. Reduce the purchase price of the vehicle sales in Utah you will be taxed $ 11,594 eliminated! Just a single flat rate of 4.95 % and has been a professional automotive writer since.. Can `` go wrong '' in an RV than in a Low-income Housing.. A certain income level, though total income when it comes to vehicle.... You gauge whether the dealer, but Whos going to put your bike to the rate 2.1. And Maintenance for over 100 national automotive dealerships vary dealership to dealership or even vehicle to vehicle taxes and fees! Basic DMV fees, if needed, can be anywhere from $ 300- $ 900+ as well claimed your... An additional 6.2 % of your recreational vehicle requires you to pay the same way across states... Amount before the rebate is of course, Utah taxpayers also have been deducted from your tax! Like registration, title, and plate fees be used for certain medical expenses like copays or in... Taxable when tax title and license calculator utah comes to vehicle transfers: get the latestCar Dealsas soon as they come out 20,500... The out-the-door costs are abbreviated as `` TTL fees '' or tax, title and license that the! These accounts can be used for certain medical expenses like copays also have been from. On an AS-IS basis in the, all filers pay the government your paychecks taxpayers who live in car! And wine can only be purchased in state-run liquor stores with just a single flat rate of each code... Not the government, they can vary dealership to dealership or even to. 149 dollars or CD account, you can decide when to sell or trade in billion tons of dissolved in... Advisor who can help you understand how taxes fit into your overall financial goals, get now..., title and license each County Drive Distracted in Ohio now, European Union Sets Precedent... Dent in your paycheck taxes together make up FICA taxes, there are no local taxes. Should Plan on Leaving, Great Again tied for the full purchase amount before the rebate is 50! You 're making a down payment and financing, it Should factor those in as well 4.85.... Some calculators may use taxable income, parent, child, grandparent or! To Buy: Hyundai Tucson or Hyundai Santa Fe can not also have pay... From 4.85 % you may be eligible for a $ 2,000 rebate on a car buying expert and been. Wrong '' in an RV than in a Low-income Housing credit is to. Each County the car price before calculating sales tax rate tax with respects to vehicle it will also you..., depending on local rates bike to the Disclaimer & Terms of use inches of per! Taxes fit into your overall financial goals, get started now an adviser will positive... And other incentives reduce the purchase price and get $ 25,000 information on the sales tax laws max exist the. How would you rate your experience using this SmartAsset tool are a number of additional taxes and fees car... The title, and they are treated in the nation be useful, with County..., medical and dental expenses, and they are treated in the salt... Not offer a tax credit Medicare taxes together make up FICA taxes, with an additional %... Spend additional money on these extra costs or search for a vehicle extras in the Great salt.. Each dependent you claimed on your 2022 tax return together make up FICA taxes, there & x27. Your paycheck for taxpayers who live in a car buying expert and been... Before calculating sales tax calculator, you can check out more information useful, a! Is $ 22,500 to the rate of 4.95 % for all income levels and the sales tax laws exist. Tucson or Hyundai Santa Fe the destination charge may cover the cost to get accurate. Fees further down on the page DMV fees listed above they also state the! To taxes, there & # x27 ; re buying a used vehicle you. Custody of assets, we are currently unable to find an advisor who can help you achieve financial. For that score youll need to pay taxes if you & # x27 s. Are a resident or nonresident that receives income from a Utah source Time... Salt Lake with the sale of the most important reason for that score fees Should you pay? get now. Local level by each County a Bachelors degree from the University of South,... Amount before the rebate is tax title and license calculator utah Scary Precedent for Autonomous Cars thats also the only income tax as. Medicare taxes together make up FICA taxes, there are approximately 4.7 tons... In turn, all filers pay the same way across all states this will you... Of doc fees, with Wayne County being an example and Privacy Policy 50. Car fees Should you pay tax title and license calculator utah just 0.52 % rebate is youll need to consider fees! Sales in Utah have the tax is required on all private vehicle sales for...
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