Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
hollandclan
New Member

Are property taxes for autos deductible?

 
1 Best answer

Accepted Solutions
Patrice
New Member

Are property taxes for autos deductible?

Yes, car registration fees may be partially deductible on your federal income taxes, but only under certain circumstances. A portion of the registration fee must be charged based on the vehicle's value -- as opposed to its size, age or other characteristics. If part of your registration is indeed deductible, you must itemize your deductions to claim it, rather than using the standard deduction.

Car fees go on the line for "personal property taxes." Note that your state might not specifically refer to the fee as a personal property tax. Nevertheless, if the fee is value-based and assessed on a yearly basis, the IRS considers it a personal property tax.

View solution in original post

1 Reply
Patrice
New Member

Are property taxes for autos deductible?

Yes, car registration fees may be partially deductible on your federal income taxes, but only under certain circumstances. A portion of the registration fee must be charged based on the vehicle's value -- as opposed to its size, age or other characteristics. If part of your registration is indeed deductible, you must itemize your deductions to claim it, rather than using the standard deduction.

Car fees go on the line for "personal property taxes." Note that your state might not specifically refer to the fee as a personal property tax. Nevertheless, if the fee is value-based and assessed on a yearly basis, the IRS considers it a personal property tax.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v