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You can deduct your car registration fee if it’s a yearly fee based on the value of your vehicle.
In Iowa, the Vehicle Registration Fees are based on the vehicle's value, so they are deductible. The $25 title fee is nondeductible.
For further information please see the TurboTax website: Is my car registration fee deductible?
You can deduct your car registration fee if it’s a yearly fee based on the value of your vehicle.
In Iowa, the Vehicle Registration Fees are based on the vehicle's value, so they are deductible. The $25 title fee is nondeductible.
For further information please see the TurboTax website: Is my car registration fee deductible?
Thanks, you cleared that up. It's only the annual fee I can deduct, not the 5% one time registration fee. Too bad, that would have been a nice deduction.
Thanks again,
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