Do I get a tax break for buying a new car in full and if so where do I put the info
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Do I get a tax break for buying a new car in full and if so where do I put the info

 
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Employee Tax Expert

Do I get a tax break for buying a new car in full and if so where do I put the info

There's not much to claim for purchasing a personal vehicle.You can only deduct the sales tax you paid when you purchased the vehicle, by adding it to the Sales Tax Table amount for your state, and the vehicle registration fees that you paid if your state bases the fee on the value of your truck. Those expenses are deductible only if you itemize, and in the case of sales tax, it must be higher than the state income tax that you paid.

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