turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I use the purchase of a new vehicle as a deduction for 2018 taxes

I live in Georgia 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can I use the purchase of a new vehicle as a deduction for 2018 taxes

You can deduct the sales tax paid if you are itemizing your return.  

If it is a vehicle used for self-employment, you deduct the business use portion of interest on your business return.

Otherwise, there is no tax benefit to purchasing a new vehicle.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply

Can I use the purchase of a new vehicle as a deduction for 2018 taxes

You can deduct the sales tax paid if you are itemizing your return.  

If it is a vehicle used for self-employment, you deduct the business use portion of interest on your business return.

Otherwise, there is no tax benefit to purchasing a new vehicle.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies