JamesG1
Expert Alumni

Deductions & credits

You may be able to deduct certain taxes on your federal return for the fees you paid for your vehicle registration or vehicle license. You will find this information on your vehicle registration bill.  This may be deducted as an Itemized Deduction on Schedule A.

 

In TurboTax Online, follow these steps.

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on  Deductions & credits.
  • Scroll down to Cars and Other Things You Own and click the down arrow to the right.
  • Click Start/Revisit to the right of Car Registration Fees.

Rather than an itemized deduction, this expense may be deductible against self-employment income if your vehicle is an asset reported under your self-employment activity.

 

Vehicle expenses may be entered against self-employment income by following these directions:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages and income.
  • Scroll down to Self-employment.  Click the down arrow to the right of Self-employment income and expenses.
  • Click Edit to the right of the self-employment activity.
  • Scroll down the expenses and click Add expenses for this work.

@zforray 

 

 

 

 


 

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