maliborb
New Member

I purchased a Toyota Prius Prime in 2017. Can I still claim a credit for it for the 2017 tax year?

 
MollsBBU
New Member

Deductions & credits

Yes, a personal vehicle purchase may qualify you to deduct sales tax paid, your car registration fee, or in some cases, an energy credit.

  • One may only deduct sales tax (including from your vehicle purchase and other large purchases from the tax year) OR income tax. See this article for more information.
    • Since you may choose one or the other, generally filers from states with no income tax would benefit from deducting the sales taxes paid.
  • To determine if you can deduct your car registration fee, please see TurboTax FAQ “Is my car registration fee deductible?” here.
    • Please note, you may only deduct any yearly fee paid based on your vehicle’s value IF you itemize your deductions.
  • To review the TurboTax energy-efficient vehicle section, please use the search function at the top right of the screen. Search for 8910 and select jump to 8910.



[edited 3/4/18 @ 9:01pm EST]