Deductions & credits
If the tax is deductible, you can enter it under Deductions and Credits, then Cars & Other Things You Own, and finally, Personal Property Taxes.
Generally, excise taxes can't be deducted on your personal return. Business related excise taxes are generally deductible on a business return.
However, some states and localities erroneously label excise taxes as personal property taxes, which may be deductible. For example, some states refer to certain vehicle registration fees as an excise tax.
Excise taxes imposed on personal property (vehicles, campers, boats, RVs, etc.) are an allowable deduction if two conditions are met:
- The excise tax is determined by the property's value, usually a set percentage.
- The excise tax is imposed annually.
