Yes, Arkansas residents can deduct personal property taxes paid on cars. These taxes are considered ad valorem taxes, which are based on the value of the vehicle and are deductible if you itemize your deductions.
To enter Taxes paid on Cars in TurboTax follow this steps:
- Open or continue your return. Be sure you are logged in for link in Step 2 to work.
- Navigate to the car registration section:
- TurboTax Online/Mobile: Go to car registration. or go to the magnifying search glass at top right of TurboTax screen and type car registration and select the Jump to link.
- Answer Yes to Did you pay any car registration fees in 2024? and then enter them on the next screen.