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mvfinch
New Member

Can I deduct the title fees and sales use tax for the truck I bought my son? Does this qualify as registration fees?

 
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1 Reply
VictoriaD75
Expert Alumni

Can I deduct the title fees and sales use tax for the truck I bought my son? Does this qualify as registration fees?

The sales tax may be deductible if you itemize. Taxpayers are allowed a deduction for state & local income taxes or state & local sales tax, but not both. If you opt to deduct sales tax, you can take the general sales tax deduction based on your state rate. In addition, you will be asked if you made any large purchases for the year. There, you can enter the amount of sales tax paid for the truck. Title fees do not apply and are not deductible. Registration fees are not deductible. Only personal property taxes assessed based on the value of the vehicle would be allowed.

 

What are itemized deductions?

 

@mvfinch 

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