I just reviewed the previous year's taxes, and it refreshed my memory that in the "Taxes You Paid" section of federal Schedule A, my combined state and local taxes and federal income tax paid, always exceed $10,000, which means that for my wife and I, there is a cap of $10,000 (line e - Enter the smaller of line 5d or $10,000.) As a result, even if I include the license fees on all five vehicles I own, anything over $10,000 is not deductible.
