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Here's the state of Georgia's take on this:
You can deduct only the Ad Valorem Tax portion of the annual auto registration on your Federal Schedule A. The new Title Ad Valorem Tax (TAVT) does not appear to be deductible for Federal or Georgia purposes. In order to be deductible as a personal property tax, it must be imposed on an annual basis.
So, according to Georgia, no part of the TAVT is deductible.
Tom Young
Here's the state of Georgia's take on this:
You can deduct only the Ad Valorem Tax portion of the annual auto registration on your Federal Schedule A. The new Title Ad Valorem Tax (TAVT) does not appear to be deductible for Federal or Georgia purposes. In order to be deductible as a personal property tax, it must be imposed on an annual basis.
So, according to Georgia, no part of the TAVT is deductible.
Tom Young
sorta like last november
If the tax on my old truck is collected every year and is called "Ad Valorem" (Value) why can I not deduct it from my taxes?
You should be able to to as it is a car registration fee. What is preventing you from deducting it?
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