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Can I add TAVT (Georgia) while filing tax returns?
No, it is not deductible For vehicles purchased in (or transferred
to) Georgia on or after March 1, 2013, there is a title
tax (TAVT). It is assessed at the time of purchase on a one time
basis. According to the IRS "Deductible personal property taxes are
those based only on the
value of personal property such as a boat or car. The tax must be
charged to you on a yearly basis, even if it's collected more than
once a year or less than once a year."
Therefore, it is not deductible as a state or local property tax.
If a vehicle is used for business, the
title tax should be added to the cost basis like a sales tax.
For vehicles purchased in (or transferred to) Georgia prior to March 1, 2013 there is still an ad valorem tax assessed annually and based on the value of the vehicle. This ad valorem tax is deductible each year.
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