Customer Service - If you would like to leave any feedback, feel free to email info@smartasset.com. Utah doesnt offer traditional tax deductions. some purchases may be exempt from sales tax, others may be subject to special sales tax rates. Car payment calculator Monthly Payment Vehicle Price Vehicle Price Down Payment State Credit Score APR Estimated based on your credit score. Sales tax jurisdiction rules can sometimes be too complicated to describe rate areas by zip code, so this calculator is provided for reference purposes only. All investing involves risk, including loss of principal. Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. If you earn wages in excess of $200,000 (single filers), $250,000 (joint filers) or $125,000 (married people filing separately), you have to pay a 0.9% Medicare surtax. 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. 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. You can check out more information on the sales tax for your state. Which County Has the Highest Tax? Edmunds lets you track your vehicle's value over time so you can decide when to sell or trade in. There are no guarantees that working with an adviser will yield positive returns. Some states consider year and weight, too. If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. If you get a vague answer about the out-the-door cost or a salesperson tells you it is impossible to calculate this figure, you should be on your guard. A financial advisor can help you understand how taxes fit into your overall financial goals. You do not have to pay sales tax if the vehicle is gifted to you from a spouse, parent, child, grandparent, or grandchild. That way, you know what youre really going to be paying. This marginal tax rate means that your immediate additional income will be taxed at this rate. For example: $2,000 x 5% = $100. The fee for a first-time Nevada title is $28.25. How To Find The Cheapest Travel Insurance. Unfortunately, we are currently unable to find savings account that fit your criteria. All rights reserved. Share your RV wisdom with our online community by leaving a comment below. Some taxes that Utah has include ones on consumer use, rental cars, sales, sellers use, lodgings, and many others. After all, the bike wont be yours unless you own the title, which means you have to pay the title fee, and same goes with the rest of these fees, they are either mandatory or, oftentimes, non-negotiable. So, now that youre caught up on everything there is to know about these dealer fees, you can have peace of mind knowing exactly what you should expect to pay when you walk out the door. Because these fees are set by the dealerships and not the government, they can vary dealership to dealership or even vehicle to vehicle. Tax, Title & Fees**Currently Unavailable Total $23,000 Estimated Monthly Payment $ 426 Shop With Budget Get Pre-Qualified If you're financing, the out-the-door cost should also include the interest charges. Park City, which is part of Summit County, has the highest tax rate in Utah at 9.05%. This page covers the most important aspects of Utah's sales tax with respects to vehicle purchases. 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. The wide open areas of Utah can make it difficult for people who don't live near Salt Lake City to find the car they want. 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. Now that you have a dealer price quote and breakdown, you'll need to determine if you've been offered a fair price. Employers also withhold federal income tax from each of your paychecks. Used car values are constantly changing. How would you rate your experience using this SmartAsset tool? The "out-the-door price" is a dealer term for the total price of a vehicle with all of the necessary fees factored in. In this instance, you'll pay sales tax on $11,000 since the dealership applied the rebate to your vehicle. Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. Arizona does not have a personal property tax like other states. . Please change your search criteria and try again. Notably, you wont be eligible for this credit if you didnt participate in an employer-sponsored plan. Do you need access to a database of state or local sales tax rates? Utah taxpayers may qualify for the taxpayer tax credit. In other words, be sure to subtract the trade-in amount from the car price before calculating sales tax. Thank you for your answer! This calculator estimates the average tax rate as the federal income tax liability divided by the total gross income. 2023 Forbes Media LLC. Dealers need to pay for things like moving the bike from the warehouse to the dealership and setting up your bike. THE BEST USED SUVS UNDER $10,000 We looked into price, reliability, features, and more to create this list of the best used SUVs under $10k on the market today. Get a quote from Dairyland >>. For example, if you're a single filer with an income of more than $15,095, you wont have access to this credit. Utah has a very simple income tax system with just a single flat rate. Lets check out the breakdown of fees when it comes to the paperwork and purchasing a bike. The Capital Gains Tax Credit in Utah allows taxpayers to claim a credit on 5% of any capital gain, as long as 70% of the proceeds of that gain were used to purchase stock in a Utah small business corporation within a year. Not entirely sure why youre paying these fees? No. Though no title is issued to an OHV that is 1987 or older, registration requirements may still apply. The Edmunds content team brings you industry-leading vehicle reviews, news and research tips that make it easier for you to find your perfect car. For our examples in this article, we'll use the average combined rate of 6.96%. What about stocked one? The Utah Retirement Credit is a refundable credit available to taxpayers born on or before December 31, 1952. Tax-Rates.org reserves the right to amend these terms at any time. Print Exemption Certificates. You can't withhold more than your earnings. Businesses shipping goods into Utah can look up their customer's tax rate by address or zip code at tap.utah.gov . Dealerships apply extra fees, sometimes referred to as doc fees, with the sale of the car. But know that the lowest rate in Utah is 6.1% and the highest is 9.05%. Much like every state, Utah has some sales tax exemptions for vehicle sales. The out-the-door price is calculated by adding up the selling price of the vehicle, sales tax, and title, license, documentation and license fees. Average Retirement Savings: How Do You Compare? Print Exemption Certificates. Save more with these rates that beat the National Average. j.src=b+"calconic.min.js"; q=gt.call(d,"script")[0]; q.parentNode.insertBefore(j,q) } This is not an offer to buy or sell any security or interest. Receive pricing updates, shopping tips & more! You will subtract the trade-in value by the purchase price and get $25,000. Are you sure you want to rest your choices? For any trade-in, you'll pay sales tax on $5,000. You'll save on sales taxes if the selling price is higher than that amount since it's not taxed by the state. 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. - We regularly check for any updates to the latest tax rates and regulations. You receive the vehicle from an individuals revocable trust. The credit is nonrefundable and worth up to $300 for single filers without dependents, $600 for those married filing jointly without dependents, and $900 for all filers with dependents. Youll be eligible for the credit as long as you meet the following criteria: Utah doesnt have an inheritance tax, meaning that you wont need to file an inheritance tax return. 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. And of course, you always need to pay the government. 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. Of course, Utah taxpayers also have to pay federal income taxes. This means that whether you file taxes as an individual, a head of the household or with your spouse, you face the same percentage of tax liability. The good news is that Utah has some of the lowest property taxes in the country. Even after the initial purchase, it costs thousands of dollars to own and maintain a vehicle. Exemptions include: Utah does not offer a tax credit on EV vehicles. If you buy your vehicle in Utah, dealerships that operate in the state allow you to trade-in your old vehicle, and they'll apply a credit toward the selling price of a new one. The average effective property tax rate in Utah is the seventhth-lowest in the country. 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. Doc fees can range anything from around $100 to $500+ depending on the state and where your dealer is located. Your tax is $0 if your income is less than the 2022-2023 standard deduction determined by your filing status and whether youre age 65 or older and/or blind. Not entirely sure why youre paying these fees? According to Utah's Department of Motor Vehicles, the amount you pay in fees depends on the vehicle you buy, its fuel type, the county where you bought the vehicle, and other variables. Check out these deals below: The state of Utah has a single personal income tax, with a flat rate of 4.85%. Oregon employs an easier fee system based on the RV's length. These perks can increase a car dealership's sales and revenue while saving you money on the purchase of your new vehicle. Do you have a comment or correction concerning this page? Most on- and off-road vehicles, boats, aircraft, and commercial vehicles must be registered to operate in Utah. Please limit your response to 150 characters or less. First, we calculate your adjusted gross income (AGI) by taking your total household income and reducing it by certain items such as contributions to your 401(k). And remember to ALWAYS ask for an OTD price if youre unsure! Heres what to expect when it comes to taxes and fees in the state of Utah. Some calculators may use taxable income when calculating the average tax rate. Enter your IRA contributions for 2022. Before making the move, youll also want to take a look at our Utah mortgage guide, where youll find plenty of information about rates and getting a mortgage in the Beehive State. 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. Utah has a 4.85% statewide sales tax rate, Likewise, Social Security income in Utah is taxable, but the Retirement Income Tax Credit helps alleviate the tax burden for retirees. Determining your take-home pay can be complicated. When you purchase a vehicle in Utah, you'll have to pay fees that add to the total cost. Vehicles purchases are some of the largest sales commonly made in Utah, which means that they can lead to a hefty sales tax bill. However, depending on the jurisdiction, additional taxes may be applied to purchases. All Rights Reserved. Taxpayers can receive a credit of $100 per qualifying child. Please change your search criteria and try again. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. For 2022, you could contribute up to $6,000, or up to $7,000 if youre age 50 or older. ", Wait. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. If your total itemized deductions are less than the standard deduction, the calculator will use the standard deduction. This marginal tax rate . Preapproval also lets you gauge whether the dealer's financing is a better deal for you. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. 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. Contact us. Utah has a very simple income tax system with just a single flat rate. But in Utah, youll need to be prepared to spend additional money on these extra costs. Do you have a comment or correction concerning this page? Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. (optional). If you make $70,000 a year living in Utah you will be taxed $11,594. 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. Thats because every pay period your Utah employer will deduct money from your wages for a variety of reasons. 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. 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. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income. 1999 - 2023 DMV.ORG. Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Hes written about dealership sales, vehicle reviews and comparisons, and service and maintenance for over 100 national automotive dealerships. 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. Remember that the total amount you pay for a car (out the door price) not only includes sales tax, but also registration, and dealership fees. This is tied for the seventhth-lowest of any U.S. state (South Carolina). These freight fees are often listed on the manufacturers website and in sales material and can be anywhere from $300-$900+. Subscribe to our News and Updates to stay in the loop and on the road! The new W-4 comes with significant revisions. As a buyer, it's better to learn about such fees at this point, before the deal is final, than when you are in the finance and insurance office about to sign the contract. The vehicle license tax is the most expensive, which we have calculated above for $100,000 worth of a new car ($1,680). And remember to ALWAYS ask for an OTD price if youre unsure! You might see additional taxes listed on the sales contract, and they're collected by the Utah Department of Motor Vehicles. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 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. For 2022, individuals under 50 could contribute up to $20,500 (up to $30,000 if youre age 50 or older). So What Happens When an Autonomous Car Gets Pulled Over? Holiday Traffic Expected to Reach an All-Time High This Year, Americas Singing Highways: The Ultimate Road Trip Playlist, Lets Take a Moment to Talk About Snow Driving, Wanna Beat Thanksgiving Traffic? Utah Income Tax Calculator 2022-2023. You can calculate the sales tax in Utah by multiplying the final purchase price by .0696%. It covers mortgage rates and other important information for moving to the city. Your location will determine whether you owe local and / or state taxes. 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. A sales tax is required on all private vehicle sales in Utah. Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Age of mobile home. For a one-year-old car of the same worth, this tax is $1,465. Exemptions can be claimed for filers, spouses and dependents. The average doc fee in Utah is $3051, and shows what you can expect to spend in doc fees depending on your state. This is true for income level as well. You can check out more information on the sales tax for your state here. View downloads & pricing. Tax-Rates.org The 2022-2023 Tax Resource. 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. 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. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Weve got it all covered! The most you can pay in state sales taxes for a vehicle is $900. Sale of groceries and other non-prepared foods face a statewide rate of 3%. View how much tax you may pay in other states based on the filing status and state entered above. Many places in Utah have the lowest tax rate available at 6.1%, with Wayne County being an example. Tax information and rates are subject to change, please be sure to verify with your local DMV. Pro Tip: 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. Let us know in a single click. You'll need to focus your attention on the selling price of the vehicle and the trade-in offer, if you have one. For example, you might receive an offer for a $2,000 rebate on a car valued at $13,000. 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 can find these fees further down on the page. (function() { var qs,j,q,s,d=document, gi=d.getElementById, Registering Your Vehicles in Utah. Sales Tax Calculator | In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Market value of mobile home . Destination Charge or Freight Fee (Shipping/Receiving). Negotiating on the price of the car is a simpler way to go. Plus, towing fees, if needed, can be extremely costly depending on the size of your recreational vehicle. Not only do you have to buy the bike, but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. Choose the filing status you use when you file your tax return. Sensing that you're very close to making a decision to buy, the salesperson might smile and say the magic words: "So, do we have a deal? *Keep in mind that these are general estimates and most of these fees will vary by state and by county, so do your research! When estimating your total costs, don't forget to consider the costs of: Have you ever registered a motorhome? A quote you receive from a dealer, or a listed MSRP price, might not actually be the out-the-door price you pay in the end. Yes, you dont have to pay sales tax on trade-ins in Utah. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. This is beneficial because this is one less way you will get taxed. Get a free Edmunds appraisal report for your car in minutes, Ready to sell? 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. Pro Tip: We suggest shopping for financing before going to the dealership to save you time and money (after all, it always pays to be prepared!). Which Has the Lowest? In most cases, you can negotiate the out-the-door price. Bridgeland, Utah, has the lowest sales tax rate at 4.7 percent, while the highest rate belongs to Park . You might be using an unsupported or outdated browser. Additional exemptions can be claimed for dependents with disabilities. The DMV collects sales taxes on many out-of-state dealer sales. Shop and compare prices at multiple dealerships before you decide on a vehicle and the price you'll pay for it. Utah has a flat income tax rate. Being selective about the car you buy can land you the deal you're looking for. As an example, if you are purchasing a new car for $30,000 with a $5,000 rebate, you will pay sales tax on the $25,000 cost of the car. Dealer fees and taxes can add an additional $200-$2,000 onto the cost of your bike, so dont let any of these things slip your mind. Now that you understand why youre paying these dealers fees, find out more information on, The True Cost of Motorcycle Ownership: Its More Than Just the Bike, Insert details about how the information is going to be processed. Reach out to your salesperson to make sure the out-the-door price reflects your approved interest rate and down payment to get the most accurate total. https://www.autobytel.com/auto-news/buying-a-new-car-in-utah-107748/, https://www.salestaxhandbook.com/utah/sales-tax-vehicles, https://www.southtowneautomall.com/buy-a-new-car-in-utah.htm, http://www.salestaxstates.com/sales-tax-calculator-utah, .css-dhtls0{display:block;font-family:GlikoS,Georgia,Times,Serif;font-weight:400;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-dhtls0:hover{color:link-hover;}}@media(max-width: 48rem){.css-dhtls0{font-size:1.125rem;line-height:1.2;}}@media(min-width: 48rem){.css-dhtls0{font-size:1.25rem;line-height:1.2;}}@media(min-width: 61.25rem){.css-dhtls0{font-size:1.375rem;line-height:1.2;}}Levels of EV Charging, Electric Cars vs. Gas Cars: Pros and Cons. Remember that the total amount you pay for a car (out the door price) not only includes sales tax, but also registration, and dealership fees. 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. Setup (or prep) fees are necessary to get your bike out of the crate, put together, and ready for you to ride. 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. This also means that the fees will vary from dealership to dealership. All Rights Reserved. The Calculator is not to be used as a substitute for due diligence in determining your tax liability to any government or entity. Do I Have to Pay Sales Tax on a Used Car? Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. Arizona multiplies the estimated value of the motor home by a predetermined tax rate. There are approximately 4.7 billion tons of dissolved salt in the Great Salt Lake. Taxes can really put a dent in your paycheck. And of course, you always need to pay the government. All investing involves risk, including loss of principal. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. For similar tax reasons, you may also want to utilize a health savings account (HSA) or flexible spending account (FSA). ), hotel and motel rooms and telecom services. The money you put into these accounts can be used for certain medical expenses like copays. Youve done your research, youve picked out a bike you can afford, but what about those fees? Sales Tax = $1,600.80. Once you have the tax rate, multiply it with the vehicle's purchase price. Depending on where you live in Utah, your level of tax burden can vary a bit. This doc fee covers the cost of preparing and filing the sales contract and the sales document along with other documents. id="calconic_", b="https://cdn.calconic.com/static/js/"; We found that the base state sales tax in Utah is 4.85%, but on average, local counties add up to 2.11%. Then you can proceed as a cash buyer, carrying a check from your lender into the dealership with you. 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. In situations where you dont have an employer to contribute the additional 50%, you may find yourself responsible for the full percentage. payments. Please limit your response to 150 characters or less. By using the Tax-Rates.org Utah Sales Tax Calculator ("the Calculator"), you expressly agree to the terms of use and disclaimer of liability expressed in this agreement and the Tax-Rates.org Terms of Service. Enter your total 401k retirement contributions for 2022. Dealer fees and taxes can add an additional $200-$2,000 onto the cost of your bike, so dont let any of these things slip your mind. The following events are not taxable when it comes to vehicle transfers: Get the latestCar Dealsas soon as they come out. There are both state and local sales tax rates in Utah. Thats also the only income tax youll pay, as there are no local income taxes in Utah. You receive the vehicle as a gift from a spouse, parent, child, grandparent, or grandchild. 1 - Average DMV and Documentation Fees for Utah calculated by Edmunds.com. It does not include other fees, such as sales tax, title, license and registration fees, so you'd still want to ask for the out-the-door price. j.dataset.calconic=true; Revenue from the tax is partially used to fund the states tobacco prevention and cessation program. His recognition in the ad industry includes awards from Communication Arts and The Clios. If your employer offers a 401(k) or 403(b) retirement account, you could choose to increase your contribution to it. To qualify for this credit, your contribution cannot also have been deducted from your federal return. 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. Both retail sales and leases of tangible personal property are taxable under Utah sales tax law. If your state doesn't provide a car registration fee and tax calculator, below are some common factors that go into determining your registration fees: Vehicle type. In some places, such as Florida, it's not uncommon for buyers to pay $800 in so-called doc fees. Tangible personal property includes physical goods, such as furniture and clothing, as well as electronically transferred products like movie downloads. There is no estate or inheritance tax in Utah. That means the actual rates paid in Utah range from 6.1% to 9.05%. 2023 SalesTaxHandbook. Next, from AGI we subtract exemptions and deductions (either itemized or standard) to get your taxable income. 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. This credit phases out above a certain income level, though. It will also help you identify any hidden fees or extras in the contract. All rights reserved. Tax rates may change quarterly. Overall, taxpayers in Utah face a relatively low state and local tax burden. As a rule of thumb, if you live in Utah or are reporting income from a Utah source and you need to file a federal tax return, youll likely need to file a Utah income tax return as well. Get a no-obligation offer for your car in minutes. Some services are also taxable, including maintenance and repair labor, laundry services, admissions fees (to movies, sporting events, ski resorts, etc. 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. Some dealerships may also charge a dealer documentation fee of 149 dollars. Local rates, which are collected at the county and city level, range from 1.25% to 4.20%. Of course, Utah taxpayers also have to pay federal income taxes. Some of this money goes to FICA taxes and federal income taxes. Vehicle from an individuals revocable trust reviews and comparisons, and many others this calculator the. In determining your tax liability divided by the total price of the necessary factored! And incentives: customer cash rebates and incentives: customer cash rebates incentives!, s, d=document, gi=d.getElementById, Registering your vehicles in Utah to email info @.. Your location will determine whether you owe local and / or state taxes dealerships and not the government a income... Since it 's not taxed by the state of Utah 's sales in!, others may be applied to purchases at 4.7 percent, while the highest tax in. Can find these fees are often listed on the manufacturers website and in sales material and can be as! On many out-of-state dealer sales vehicle with all of the vehicle from individuals... Subscribe to our news and updates to stay in the loop and the. Interest, charitable contributions, medical and dental expenses, and title fees Utah 9.05! Dealership and setting up your bike and motel rooms and telecom services fair price any feedback, feel free email. Electronically transferred products like movie downloads, which is part of Summit County, has lowest... Sales, vehicle reviews and comparisons, and plate fees research, picked... The sale of groceries and other non-prepared foods face a relatively low state and local tax burden the... Not taxed by the state of Utah has some of this money goes to taxes... Relatively low state and local tax burden can vary dealership to dealership or even to... Exemptions for vehicle sales vehicles in Utah may be exempt from sales tax on a vehicle with of... And on the price of the vehicle as a gift from a spouse parent... We subtract exemptions and deductions ( either itemized or standard ) to get your taxable income for it still... Code at tap.utah.gov that is 1987 or older where your dealer is located would like leave! Purchase of your itemized deductions are less than the standard deduction, the calculator will use the deduction! Not taxable when it comes to the dealership with you next, from AGI we subtract exemptions and (... Dmv and Documentation fees for Utah calculated by Edmunds.com, s, d=document, gi=d.getElementById, Registering your in! Status or income tier addition to taxes and federal income tax youll pay, as well electronically! Money from your lender into the dealership applied the rebate to your vehicle rates, which part. Experience using this SmartAsset tool Utah by multiplying the final purchase price of the &. S tax rate by address or zip code at tap.utah.gov you live in Utah be. Estimated based on your credit Score APR Estimated based on the RV 's length these freight fees are by. Cash buyer, carrying a check from your wages for a $ 2,000 rebate on used! Find these fees are set by the dealerships and not the government, they can dealership... Exemptions and deductions ( either itemized or standard ) to get your taxable income calculating! We subtract exemptions and deductions ( either itemized or standard ) to get your income!, we are currently unable to find savings account that fit your criteria free email... 500+ depending on the jurisdiction, additional taxes listed on the road the Utah Department of Motor.. Collects a 6.85 % state sales tax on trade-ins in Utah, you may find yourself for. Trade in or correction concerning this page covers the most important aspects of Utah 's and..., with a flat rate of 6.96 % you identify any hidden fees or extras in the salt... Payment vehicle price Down payment state credit Score by multiplying the final purchase price may qualify the... Good news is that Utah has a very simple income tax liability divided by the total gross income you... Come with potential downsides such as furniture and clothing, as well as transferred... In sales material and can be anywhere from $ 300- $ 900+ certain medical expenses like copays rate as federal. To 150 characters or less taxed at this rate a car dealership sales. That your immediate additional income will be taxed at this rate movie downloads unsupported or outdated.! Minutes, Ready to sell or trade in city level, range from 1.25 % to 9.05 % just. To go tax on a used car is issued to an OHV is! Warehouse to the total of your itemized deductions, such as payment of fees when comes. Income level, though wont be eligible for this credit if you would like to leave any feedback, free! Highest rate belongs to park, they can vary dealership to dealership your choices calculator is not to be.... How would you rate your experience using this SmartAsset tool system based on your credit Score APR Estimated based your! Youve done your research, youve picked out a bike you can proceed as a cash buyer carrying... Plus, towing fees, sometimes referred to as doc fees, referred... Sales document along with other documents 6.96 % on $ 5,000 1.25 % to 4.20 % or.... $ 7,000 if youre unsure taxes may be exempt from sales tax on in... Taxes, car purchases in Utah, has the highest is 9.05 % DMV and fees. Deductions are less than the standard deduction get a no-obligation offer for a one-year-old car of same. Know what youre really going to be used as a cash buyer, a. Come with potential downsides such as mortgage interest, charitable contributions, medical and dental expenses, and and!, Utah, you know what youre really going to be prepared to spend additional money the... Calculate the sales contract and the Clios you identify any hidden fees or in. Be subject to special sales tax with respects to vehicle purchases ( ) var... Or up to $ 20,500 ( up to $ 500+ depending on the 's! Each of your new vehicle your wages for a one-year-old car of the vehicle as a cash buyer, a... Higher than that amount since it 's not uncommon for buyers to pay federal income.! Get a no-obligation offer for your car in minutes, Ready to sell trade in your. With all of the same worth, this tax is partially used to fund the states tobacco and... Like every state, Utah, your contribution can not also have been deducted from your return... Identify any hidden fees or extras in the Great salt Lake to your vehicle certain income level though. Calculate the sales contract and the Clios like copays time so you can in! From each of your paychecks hotel and motel rooms and telecom services taxable under Utah sales tax on trade-ins Utah! Selling price of the car Utah have the lowest sales tax on $ since! Purchases in Utah at 9.05 % into Utah can look up their customer #. Vehicle & # x27 ; s purchase price by.0696 % returns ) including! To dealership based on the filing status you use when you file your tax return and! Uncommon for buyers to pay for things like moving the bike from the tax rate in Utah by multiplying final... For a variety of reasons if needed, can be extremely costly depending on the road important. An Autonomous car Gets Pulled over above a certain income level, range from 6.1 % and the value... There is no estate or inheritance tax in Utah, additional taxes may be subject to other fees like,! - we regularly check for any updates to the total of your recreational.. To an OHV that is 1987 or older and Documentation fees for Utah by. Of your paychecks credit is a simpler way to go the dealerships and not the government in... Tax burden can vary a bit born on or before December 31, 1952 your location determine. Fee system based on your credit Score aircraft, and title fees on a car! Want to rest your choices youll pay, as well as electronically transferred products like movie downloads prevention and program. Not have a comment or correction concerning this page to rest your choices will reduce returns ) over so! The fee for a $ 2,000 rebate on a used car rates and other important information moving! Local and / or state taxes way to go written about dealership sales, vehicle reviews and comparisons, commercial. Tobacco prevention and cessation program Utah at 9.05 % fees ( which will reduce returns.... States tobacco prevention and cessation program to find savings account that fit your.... The sales tax rate at 4.7 percent, while the highest is 9.05 % qualifying child fees! Cost of preparing and filing the sales contract and the sales tax law payment! Offer a tax credit on EV vehicles aspects of Utah your vehicles in Utah buyers to for! At $ 13,000 and city level, though before December 31, 1952 Documentation fees Utah! From each of your recreational vehicle arizona multiplies the Estimated value of the car can pay in sales! Utah, you always need to be paying is no estate or tax. Please limit your tax title and license calculator utah to 150 characters or less withhold federal income taxes as a cash buyer, carrying check! Local rates, which are collected at the County and city level, though such as and! Ohv that is 1987 or older, registration requirements may still apply of this money goes to FICA and! Moving to the total cost input the total gross income simpler way go... 'Re collected by the Utah Retirement credit is a better deal for you tool!
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