by Ed the Jetpacking Headbanger on November 10th, 2009

Question

Help answer this question below.

For the people who took advantage of the 'Cash for Clunkers' program, do they have to declare the cash as income for their 2009 taxes?

Like
Report

Share:: Facebook; Twitter; Other

Answers. 2 helpful answers below.

by Sherri on November 10th, 2009
You may have to declare it as income on your state income tax. California is a BIG YES!
Comments
Add a comment...
- Like
- Report
No comments. Post one | Permalink
by HoboJoe on November 10th, 2009
Good question Ed. From experience if it is a gov't stimuli, then no taxes. But i'm not sure on this one.
Comments
- I haven't heard about it except from a rumor.
  - Report
  by Ed the Jetpacking Headbanger on November 10th, 2009
Add a comment...
- Like
- Report
1 comment | Post one | Permalink

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

When are North Carolina state taxes due?
by Answerbag Staff on March 14th, 2011 | 1 person likes this
What is the California state income tax?
by Answerbag Staff on March 7th, 2011 | 1 person likes this
What states have state income taxes?
by Answerbag Staff on March 7th, 2011 | 1 person likes this
I only lived in Nebraska for 2 months last year...do I have to file taxes with that state. My main residence has been Missouri
by Moonstark on February 10th, 2011 | 1 person likes this
Do I have to pay california state income tax on unemployment payments from another state?
by AceRenegade on February 7th, 2011 | 1 person likes this
More State Income Taxes See only professionally researched State Income Taxes questions

You're reading For the people who took advantage of the 'Cash for Clunkers' program, do they have to declare the cash as income for their 2009 taxes?

Follow us on Facebook!

Related Ads

Professionally Researched

About Us

About Answerbag

Sitemap

Professionally Researched Questions

Legal

Privacy Policy

Terms of Use

Disclaimer

Ad Choices
Follow Us on Facebook

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Latest Tweet

How can we know God exists? http://t.co/EYxTkfBc

Follow Answerbag on Twitter!

Answerbag

Question

For the people who took advantage of the 'Cash for Clunkers' program, do they have to declare the cash as income for their 2009 taxes?

Answers. 2 helpful answers below.

Comments

Comments

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

Follow us on Facebook!

Related Ads

Related Questions

I heard that the money you get for the cash for clunkers program is considered income. Because it's income you will have to file that on your income tax report. Is this true?.

Will you be taking advantage of the "Cash For Clunkers" program?

Are you prepared to pay your share of taxes of the $4,500 you were discounted by the cash for clunkers program?

IF I was working at a restaurant for cash, how exactly do I file my taxes? I would not have w-2's or a 1099. Would I just keep track of all money I'm paid and declare it as "other" income?? Any advice would be greatly appreciated.

Conspiracy theory:The Government initiated the "Cash for Clunkers" Program so more people will have newer cars with OnStar so they can monitor people and control the vehicle(lock doors, Shut off engine)via satellite if they need to.Your opinion?

Professionally Researched

Are American Indians exempt from federal income taxes?

How much income is generated from cigarette taxes for states?

What group pays the most income taxes?

What are income taxes?

Do you have to file state disability income on your taxes?

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

Question

For the people who took advantage of the 'Cash for Clunkers' program, do they have to declare the cash as income for their 2009 taxes?

Answers. 2 helpful answers below.

Comments

Comments

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

Answerbag.com Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!