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Last year I was able to deduct the Virginia personal property tax for my cars minus the registration fee. I do not see that his year.
I only see a deduction for the registration fee, which Virginia does not allow.
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Last year I was able to deduct the Virginia personal property tax for my cars minus the registration fee. I do not see that his year.
You can deduct taxes you paid on the value of personal property. To deduct your personal property tax:
- You have to itemize your deductions to deduct personal property taxes.
- You can only deduct personal property taxes you paid on property that you own.
- You cannot deduct penalties or late payment fees that appeared on your tax bill.
To enter the property tax into TurboTax:
- Go to Federal Taxes, then Deductions & Credits
- Find Cars and Other Things You Own - Start Personal Property Taxes
- TurboTax asks: 'Did you pay a personal property tax bill?' Answer yes
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Last year I was able to deduct the Virginia personal property tax for my cars minus the registration fee. I do not see that his year.
You can deduct taxes you paid on the value of personal property. To deduct your personal property tax:
- You have to itemize your deductions to deduct personal property taxes.
- You can only deduct personal property taxes you paid on property that you own.
- You cannot deduct penalties or late payment fees that appeared on your tax bill.
To enter the property tax into TurboTax:
- Go to Federal Taxes, then Deductions & Credits
- Find Cars and Other Things You Own - Start Personal Property Taxes
- TurboTax asks: 'Did you pay a personal property tax bill?' Answer yes
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