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Deductions & credits
@cgmartin wrote:
That list for California shows a vehicle/property tax of .65 I just received the "pink slip" and registration and both show that I paid a "fee" of $1,313, however, it does not give a break down, nor does it state what is is based upon. To my knowledge, that amount is based on vehicle value. Does that mean that I can take .65 of $1,313 and use it as a deduction? Thx.
There is a long list of possible fees, only the "vehicle license fee" which is 0.65% of the vehicle's value, is tax deductible.
https://www.dmv.ca.gov/portal/vehicle-registration/registration-fees/
If your VLF was $1313, that would mean your vehicle has a market value of $202,000. So unless it's a really expensive car, I expect the $1313 is the total of all the fees. You would have to ask the DMV for a breakdown. They know the year and model of the car and use a database like KBB or something else to set the value.