You cannot deduct the cost of your new car.
However, you can claim a deduction on the sales tax you paid on the new vehicle. To enter the information in TurboTax online program, go to:
1. After sign in and select Take
me to my return
2. At the right upper corner, in the
search box , type in sales tax then Enter
3. Select Jump to sales tax
4. On screen, Sales Tax and
Income Tax - select Continue with Sales Tax
5. On screen, How
do you want to enter your sales tax info ? , select EasyGuide and follow
the prompts.
Your
refund will change only if your total sales tax deduction is more
than the state income taxes and you are itemizing instead of taking the
standard deduction.
