Personal
property tax on cars is entered on the federal Schedule A as an itemized deduction.
To
enter these expenses in TurboTax, please follow these steps:
- Click on
Federal Taxes > Deductions & Credits
- Scroll to
the Cars and Other Things You Own section and click on the Start/Update
box next to Personal Property Taxes.
If
you take the standard deduction instead of itemizing you will not receive a
benefit from the entry
Contributions to
state 529 plans are not deductible on the federal return. However, they
are deductible on your VA return. Virginia allows
a deduction for contributions to four 529 College Savings Plans:
- Virginia Prepaid Education Program
(VPEP)
- Virginia Education Savings Trust
(VEST)
- CollegeAmerica (only through
financial advisers)
- CollegeWealth (only through
certain banks)
To enter these
contributions in your VA return, please follow these steps:
- If you've already entered
information in your VA return, when you go back into your VA return you
will see a screen, Your 2015 Virginia taxes are ready for us to check.
Click on the Edit box next to Income. [See
Screenshot #1, below.]
- On the screen, Here's the
income that Virginia handles differently, in the Education section
click on the Start/Revisit box next to Virginia College
Savings Prepaid Tuition [Section 529) Plan. [Screenshot #2]
- On the next screen, Have You Ever
Had a 529 College Savings or Prepaid Tuition Plan? mark the button
Yes, I've had one of these 529 plans and click Continue.
- On Tell Us About your Virginia
529 College Savings or Prepaid Tuition Plan mark the box I made a
payment or contribution in 2015 [Screenshot #3]
- The next screen prompts you to Enter
Your Account Info and Activity. Enter the requested information
and click Continue. [Screenshot #4]
- You will then be taken to Your
College 529 Plan Payments and Contributions Summary. If you want
to enter contributions to another 529 account, click on the Add
Another Account link. If not, click Done.
[Screenshot #5]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"