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Can you get a deduction for purchasing a new vehicle ? Bought 2 new vehicles and paid GA up front taxes.

 
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LindaB1993
Expert Alumni

Can you get a deduction for purchasing a new vehicle ? Bought 2 new vehicles and paid GA up front taxes.

You can deduct only the Ad Valorem Tax portion of the annual auto registration on your Federal Schedule A. The new Title Ad Valorem Tax (TAVT) does not appear to be deductible for Federal or Georgia purposes. In order to be deductible as a personal property tax, it must be imposed on an annual basis.

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