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.