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Yes, if you're itemizing deductions.
The IRS lets you deduct state income taxes OR state sales taxes, but not both.
As for the registration fee, you may deduct the portion that is an annual fee based on the value of your vehicle (that may be 100% of it)
TurboTax will walk you through those questions. Here's how to get there from anywhere within the software:
Click Federal Taxes (top menu)
Click Deductions & Credits (just below top menu)
Scroll down to Estimates and Other Taxes Paid and click Show More
Click Start next to Sales Tax
Hope this helps.
Yes, if you're itemizing deductions.
The IRS lets you deduct state income taxes OR state sales taxes, but not both.
As for the registration fee, you may deduct the portion that is an annual fee based on the value of your vehicle (that may be 100% of it)
TurboTax will walk you through those questions. Here's how to get there from anywhere within the software:
Click Federal Taxes (top menu)
Click Deductions & Credits (just below top menu)
Scroll down to Estimates and Other Taxes Paid and click Show More
Click Start next to Sales Tax
Hope this helps.
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