Live in Iowa, and bought a car this year. On the registration it lists
Title fees of 25
Fee for New Reg of 1292
Registration Fees of 283
What do I enter on State Taxes?
021506
1 Best answer
RobertG
Expert Alumni
Feb 1, 2020 2:11:46 PM
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.
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.