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Deductions & credits
For personal expenses, you enter the amount of tax based on the value of the vehicles, under Federal Deductions and Credits. Locate Your Home. Select property taes.
Topic no. 503, Deductible taxes states: Deductible personal property taxes are those based only on the value of personal property such as a boat or car. The tax must be charged to you on a yearly basis, even if it's collected more than once a year or less than once a year.
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March 4, 2025
12:20 PM