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Deductions & credits
None of these expenses are deductible on your tax return. If you paid sales tax on the lease, you may be able to deduct the sales tax as a major purchase in the sales tax deduction section. Sales taxes are an itemized deduction and can only be deducted in place of state income taxes. You only get a tax benefit if the total of all your itemized deductions is more than the standard deduction.
May 31, 2019
6:44 PM