Do i need to do a separate deduction from the registration fee
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The only fee you can claim is the one that is based on the value of the vehicle. Most auto registrations have multiple numbers (fees) that combine the total you pay. Only the one portion based on the value can be claimed.
Also, you must itemize deductions on Schedule A. If you have enough other itemized deductions, it might benefit you.
If you itemize deductions on Schedule A you can take a deduction for state and local income tax paid or state sales tax paid. You can compute the amount of sales tax by adding up your receipts for the year or by using a table provided by the IRS. In addition to this base amount you can deduct sales tax paid on large purchases such as a car, truck, boat, etc.
To get to the area to enter it: While inside the software and working on your return , type property taxes - auto in the Search at the top of the screen (you may see a magnifying glass there). There will be a popup that says Jump to property taxes - auto. Select that to get to the general area.
The only fee you can claim is the one that is based on the value of the vehicle. Most auto registrations have multiple numbers (fees) that combine the total you pay. Only the one portion based on the value can be claimed.
Also, you must itemize deductions on Schedule A. If you have enough other itemized deductions, it might benefit you.
If you itemize deductions on Schedule A you can take a deduction for state and local income tax paid or state sales tax paid. You can compute the amount of sales tax by adding up your receipts for the year or by using a table provided by the IRS. In addition to this base amount you can deduct sales tax paid on large purchases such as a car, truck, boat, etc.
To get to the area to enter it: While inside the software and working on your return , type property taxes - auto in the Search at the top of the screen (you may see a magnifying glass there). There will be a popup that says Jump to property taxes - auto. Select that to get to the general area.
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