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WebCalculate Car Sales Tax in Illinois Example: Initial Car Price: $30,000; Sales Tax Rate: 6.25%; Trade-In Amount: $5,000; Manufacturer/Dealer Rebate: $2,000; Sales Tax = … WebTo enter personal property tax or sales tax paid on a new vehicle: From within your TaxAct return ( Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal ). Click the Itemized or Standard Deductions dropdown, then click Taxes paid. WebExcept as hereinafter provided, beginning on January 1, 2024, the rate of tax shall be as follows for transactions in which the selling price of the motor vehicle is less than $15,000: (1) if one year or less has transpired after the model year of the vehicle, then the applicable tax is $465; (2) if 2 years have transpired after the model year hr block ludington mi