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mmo19
New Member

Can i claim the Virginia personal property tax i paid for my car on my federal tax return?

 
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re2boys
Level 9

Can i claim the Virginia personal property tax i paid for my car on my federal tax return?

Yes, as an itemized deduction.  However, you only gain a tax benefit if your total itemized deductions (property taxes, state taxes, charitable contributions, mortgage interest)  exceed your standard deduction.

The vehicle property tax that is deductible is the tax imposed based solely on the value of the vehicle.  Taxes based on weight or axles or other criteria are not deductible.

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re2boys
Level 9

Can i claim the Virginia personal property tax i paid for my car on my federal tax return?

Yes, as an itemized deduction.  However, you only gain a tax benefit if your total itemized deductions (property taxes, state taxes, charitable contributions, mortgage interest)  exceed your standard deduction.

The vehicle property tax that is deductible is the tax imposed based solely on the value of the vehicle.  Taxes based on weight or axles or other criteria are not deductible.

View solution in original post

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