A primary way in which you can affect your Utah paycheck is by adjusting your withholdings. And a car salesperson is likely to open price negotiations by asking: "What do you want your monthly payment to be?" The Alta Ski Area gets over 500 inches of snow per year. We urge you to notify us of any errors in the Calculator or our data. Youll feel a lot better by studying up before you go to the dealership. 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. If you make $70,000 a year living in Utah you will be taxed $11,594. The most you can pay in state sales taxes for a vehicle is $900. Which means yes, these charges are also mandatory. Please change your search criteria and try again. Thats also the only income tax youll pay, as there are no local income taxes in Utah. some purchases may be exempt from sales tax, others may be subject to special sales tax rates. 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). The state rate is 4.85%. Your average tax rate is 11.67% and your marginal tax rate is 22%. Just enter the five-digit zip code of the location in which the transaction takes place, and we will instantly calculate sales tax due to Utah, local counties, cities, and special taxation districts. However, you can get a tax credit of up to $7,500 from the Federal government. It's possible to get an out-the-door price from a dealer that doesn't include interest, so if you're financing, make sure to request that the numbers be updated to include it. 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. 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. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. Utah has a consumer protection law that mandates that each customer must pay the same amount for fees at a dealership. Save more with these rates that beat the National Average. Dealer fees and taxes. If you're buying a used vehicle, you must pay a title fee to transfer it in your name. Its your employers job to withhold federal income tax based on the information you provide on your W-4 form. Utah Sales Tax Calculator You can use our Utah Sales Tax Calculator to look up sales tax rates in Utah by address / zip code. 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. 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. Other filers may have different limits. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. payments. Enter how many dependents you will claim on your 2022 tax return. Exemptions can be claimed for filers, spouses and dependents. Rebates and incentives: Customer cash rebates and other incentives reduce the purchase price of the vehicle. Choose the filing status you use when you file your tax return. How much to expect in fees and taxes? The Qualifying Solar Project Credit is 25% of the amount paid to purchase qualifying solar units, up to a maximum of $1,600. Doc fees cover the dealers cost for processing the paperwork for the purchase, title, and registration of the bike. His recognition in the ad industry includes awards from Communication Arts and The Clios. Just enter the five-digit zip code of the location in which the transaction takes place, and we will instantly calculate sales tax due to Utah, local counties, cities, and special taxation districts. But the car dealer may charge their own fees, too. What to Buy: Jeep Cherokee or Jeep Grand Cherokee? As an example, lets say you are purchasing a new SUV for $35,000 and your trade-in is worth $10,000. 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. Some dealerships may also charge a dealer documentation fee of 149 dollars . Enter your financial details to calculate your taxes, Find a Savings or CD account that works for you. If you're moving to Utah or seeking to purchase a vehicle in the state, you must know the Utah sales tax on cars. Destination charges are ultimately determined by the value of the bike, almost like a tax, and are typically not negotiable. 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. Heres What Time You Should Plan on Leaving, Great Again? To qualify for this credit, your contribution cannot also have been deducted from your federal return. Utah taxpayers may qualify for the taxpayer tax credit. You can find these fees further down on the page. Enter your total 401k retirement contributions for 2022. 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. Determining your take-home pay can be complicated. This credit phases out above a certain income level, though. 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. 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. Each DMV governs differently, using one, some, or all of the following criteria for determining registration fees for motor homes: Age of mobile home. 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. All taxpayers in Utah pay a 4.85% state income tax rate, regardless of filing status or income tier. 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. Property tax rates are set at a local level by each county. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. You might be using an unsupported or outdated browser. Please limit your response to 150 characters or less. 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. Some calculators may use taxable income when calculating the average tax rate. 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. Previously, Collado was a copywriter at the ad agency TBWA/Chiat/Day where he worked on brand campaigns for Nissan, ABC Television, Sony PlayStation, and Energizer. When estimating your total costs, don't forget to consider the costs of: Have you ever registered a motorhome? Things like sales tax and other fees are often forgotten about in the excitement of making a new car purchase. These fees are separate from the taxes and DMV fees listed above. 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. Rates for all 29 Utah counties, as well as 100 of the largest cities in the state, are shown in the table below. 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. Thank you for your answer! Term Length Summary Vehicle Price $25,000 Down Payment - $2,000 Est. You can find information and pricing on titles and registration fees by state here. The fee for a first-time Nevada title is $28.25. 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. If youre thinking about moving to Salt Lake City, Ogden or anywhere else in Utah, youll want to know about local property tax rates. Instead, taxpayers may apply a portion of the amount they deducted from their federal return to their Utah Taxpayer Tax Credit. Several types of products have their own rates. Taxpayers can receive a credit of $100 per qualifying child. Once you have the tax rate, multiply it with the vehicle's purchase price. You receive the vehicle as a gift from a spouse, parent, child, grandparent, or grandchild. Please limit your response to 150 characters or less. This credit phases out above a certain income level that's dependent on your filing status. For example, if you're a single filer with an income of more than $15,095, you wont have access to this credit. Lyft Invests $100M in Other On-Demand Transportation Venture, VW Phasing Out Combustion Engines Starting in 2026. You are negotiating on a car at the dealership when the salesperson finally gives you the good price you've wanted. Many dealerships allow you to trade-in your old car in exchange for a credit applied to the price of a new vehicle. However, depending on the jurisdiction, additional taxes may be applied to purchases. Those are the 17th- and 15th-highest rates in the . So how does this approach work when your focus is on your monthly payments? Most on- and off-road vehicles, boats, aircraft, and commercial vehicles must be registered to operate in Utah. Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. The destination charge may cover the cost to get your bike to the dealer, but whos going to put your bike together? Tax-Rates.org reserves the right to amend these terms at any time. Sales Tax Calculator | Utah Gas Tax. 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? , but an official out-the-door price will include shipping and receiving fees, setup fees, doc fees, tags/title fees, and sales tax. 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). 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. Therefore the average combined sales tax rate is 6.96%. Contributions come out of your pay before taxes do, so youre lowering your taxable income while simultaneously saving for your retirement. Not only do you have to. Arizona does not have a personal property tax like other states. If you were buying a Honda Rebel 300 in California at around $4,500 MSRP your bill might look something like this: Print Exemption Certificates. Thats because every pay period your Utah employer will deduct money from your wages for a variety of reasons. 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. We found that the base state sales tax in Utah is 4.85%, but on average, local counties add up to 2.11%. 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. 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