Tax deductions

Dick37774 — Sat, 06 Mar 2021 19:59:15 GMT

Sice I purchased a new car in 2020 I woul like to know if I can claim all of the items mentioned below in my federal tax return. My itemized statement includes the following:

Tax Breakdown

STATE VEH TAX

STATE BUS TAX*

ST ESC/GAP/AFT**

LOCAL VEH TAX

LCL ESC/GAP/AFT**

GEN VEH TAX

BUS VEH TAX

BUS/ESC/GAP/AFT**

* I think Bus means business

** Have no idea what these items are.

Re: Tax deductions

MaryK4 — Sat, 06 Mar 2021 20:17:49 GMT

If you itemize, you would be able to deduct your SALES tax if you use the sales tax in lieu of the state income tax. Also, if any of the taxes are personal property taxes, you could include those. Your list does not identify Sales or Ad Valorem taxes specifically. You can call the dealer for clarification.

topic Tax deductions in Deductions & credits

Tax deductions

Re: Tax deductions