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adelaet88
New Member

I bought a new car in 2015. How do i put that on my taxes?

I bought a new car in march 2015. Before when i bought a car i had to put it in my taxes but i can't seem to find where to put it now. Thanks so much.
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2 Replies
7603lugo
New Member

I bought a new car in 2015. How do i put that on my taxes?

Where do I go to add car taxes
Hal_Al
Level 15

I bought a new car in 2015. How do i put that on my taxes?

You are allowed to deduct state & local income taxes OR sales tax; but not both. This provision was added primarily to allow a deduction for people in states without income tax. Sometimes, with a big purchase (like a car), you may be better off deducting sales tax even if your state has an income tax. Enter both, under deductions, and TT will calculate the best option. If you don't have all your receipts (and hardly anybody does), you are allowed to use tables (built into TT from IRS Pub 600) based on income & exemptions, You can then add major purchase sales tax to the table amounts. Neither is deductible if you use the standard deduction instead of itemizing.

In TurboTax, enter at:

Federal Taxes Tab (Personal for H&B version)

Deductions & Credits

-I'll choose what I work on

-Scroll down to:

--Estimates & other taxes paid

   -Sales tax

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