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jgenestrd
New Member

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.
1 Best answer

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ChrisJ
New Member

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:

  1. Go to Federal Taxes, then Deductions & Credits 
  2. Find Cars and Other Things You Own - Start Personal Property Taxes
  3. TurboTax asks: 'Did you pay a personal property tax bill?' Answer yes

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1 Reply
ChrisJ
New Member

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:

  1. Go to Federal Taxes, then Deductions & Credits 
  2. Find Cars and Other Things You Own - Start Personal Property Taxes
  3. TurboTax asks: 'Did you pay a personal property tax bill?' Answer yes

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