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cadie76
New Member

I recently bought a car. Total fees paid for motor vehicle registration was 1479.79. Is standard deduction still the best way to go? I don't have any other deductions

 
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DS30
New Member

I recently bought a car. Total fees paid for motor vehicle registration was 1479.79. Is standard deduction still the best way to go? I don't have any other deductions

Yes, the standard deduction will lower your taxable income more if this is your only itemized deduction.

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2 Replies
DS30
New Member

I recently bought a car. Total fees paid for motor vehicle registration was 1479.79. Is standard deduction still the best way to go? I don't have any other deductions

Yes, the standard deduction will lower your taxable income more if this is your only itemized deduction.

jtax
Level 10

I recently bought a car. Total fees paid for motor vehicle registration was 1479.79. Is standard deduction still the best way to go? I don't have any other deductions

If you answer all of TT's questions it will figure out the best for you.
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