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aubs97
New Member

I bought a car in 2016 is there any tax deductions for that?

 
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MargaretL
Expert Alumni

I bought a car in 2016 is there any tax deductions for that?

Yes, you may be able to deduct property tax, registration fees and sales tax on the purchase. 

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Cars and Other Things You Own   - go through Car registration fees and Personal Property tax
  4. Then, scroll down further to Estimates and Other Taxes Paid and select Sales Tax to enter sales tax paid on the purchase.

Note: Above deductions are part of your itemized deductions. If you don't claim mortgage interest, real estate taxes, your car deductions will not make a difference on your tax return.

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1 Reply
MargaretL
Expert Alumni

I bought a car in 2016 is there any tax deductions for that?

Yes, you may be able to deduct property tax, registration fees and sales tax on the purchase. 

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Cars and Other Things You Own   - go through Car registration fees and Personal Property tax
  4. Then, scroll down further to Estimates and Other Taxes Paid and select Sales Tax to enter sales tax paid on the purchase.

Note: Above deductions are part of your itemized deductions. If you don't claim mortgage interest, real estate taxes, your car deductions will not make a difference on your tax return.

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