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Deductions & credits
Unfortunately, a one time fee on the value of the car is not deductible. Only the taxes assessed on an annual basis based on the value of the car. I live in Georgia and Georgia in 2013 changed their annual ad valorem tax, known as the birthday tax, to a one-time tax based on the fair market value of the car. So in Georgia, we now pay a large ad valorum tax when we purchase a car and are not able to deduct it on our taxes as it is not an annual tax.
‎June 4, 2019
2:51 PM