Does personal Property Taxes include taxes paid when purchasing a new car?

jawilt — Tue, 04 Jun 2019 00:16:32 GMT

I believe taxes paid when purchasing the vehicle will fal...

b-michaels — Tue, 04 Jun 2019 00:16:34 GMT

I believe taxes paid when purchasing the vehicle will fall under 'sales tax' and would be covered under that section. There is a choice to be made when submitting sales tax item as to if you want to use a standard sales tax deduction or itemize because actual tax is greater than the standard because of items purchased. The other personal property tax encountered with a vehicle purchase would be the tax involved with the registration of the vehicle- my state calls it the Vehicle License Tax. It should be a line item on your registration form. Good Luck, and use the Turbo Tax search engine as much as possible.

topic Does personal Property Taxes include taxes paid when purchasing a new car? in Deductions & credits

Does personal Property Taxes include taxes paid when purchasing a new car?

I believe taxes paid when purchasing the vehicle will fal...