Can I deduct MA excise tax paid for my vehicle if it is leased?
If not allowed to deduct the tax, what is the difference between leasing and buying a vehicle? I am still paying the tax, not the leasing company.
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1 Best answer
DDollar
Expert Alumni
Jun 4, 2019 9:13:46 PM
In Massachusetts, you can deduct the Motor Vehicle Excise Tax you paid on your vehicles. This would apply whether you own or lease. They are just different ways of financing.
2 Replies
DDollar
Expert Alumni
Jun 4, 2019 9:13:46 PM
In Massachusetts, you can deduct the Motor Vehicle Excise Tax you paid on your vehicles. This would apply whether you own or lease. They are just different ways of financing.