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Deductions & credits
I'm sorry for the confusion. I am reporting this issue to our developers.
In Virginia:
- Personal property taxes are deductible because they are ad valorem taxes (based on value).
- Vehicle registration fees are not deductible because they are determined by the weight of the vehicle.
Personal Property Taxes paid are entered as a deduction in the Federal interview as an itemized deduction. To enter these expenses in TurboTax, please follow these steps:
- Click on Federal Taxes > Deductions & Credits [In TT Home & Biz: Personal > Deductions & Credits > I'll choose what I work on].
- Scroll to the Cars and Other Things You Own section and click on the Start/Update box next to Personal Property Taxes. (See Screenshot #1, below.)
- On the next screen, Property Taxes Paid on Boats and Planes, click on the Yes box (even though your tax was paid on a motor vehicle). (Screenshot #2)
- On the next screen Enter your Personal Property Tax and click Continue. (Screenshot #3)
If you take the standard deduction instead of itemizing you will not receive a benefit from the entry.
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‎June 5, 2019
10:30 PM