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Deductions & credits
Sure...you indicated that you are posting from Online "Basic" TurboTax software.
As such you are using the Std Deduction.....and Property taxes paid as a part of a vehicle registration can only be used for a potential "Itemized Deduction".
1) it's unlikely the relatively minor Vehicle property tax would bump all your deductions into being able use it as an itemized deduction.....Assuming any portion of the registration is a property tax (for many states, it is not)
2) But if it did, the cost of having to upgrade to Deluxe would cost you quite a bit more than any reduction in taxes that would result...so you can just ignore it. (Because you would have to use Deluxe or higher to implement the use of itemized deductions.)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 4, 2024
4:36 PM