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pegmr
New Member

We pay personal property tax on our daughter's vehicle in nebraska, in addition to our vehicles. can we deduct hers also? She lives here and does not itemize

 
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MaryK1
Level 9

We pay personal property tax on our daughter's vehicle in nebraska, in addition to our vehicles. can we deduct hers also? She lives here and does not itemize

Yes, unlike the real estate taxes, personal property taxes does not have the requirement that you must be the owner of the property the taxes were paid for. 

Personal property tax is deductible if it is a state or local tax that is:

  • Charged on personal property,
  • Based only on the value of the personal property, and
  • Charged on a yearly basis, even if it is collected more or less than once a year.

A tax that meets the above requirements can be considered charged on personal property even if it is for the exercise of a privilege. For example, a yearly tax based on value qualifies as a personal property tax even if it is called a registration fee and is for the privilege of registering motor vehicles or using them on the highways.

If the tax is partly based on value and partly based on other criteria, it may qualify in part.

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2 Replies
MaryK1
Level 9

We pay personal property tax on our daughter's vehicle in nebraska, in addition to our vehicles. can we deduct hers also? She lives here and does not itemize

Yes, unlike the real estate taxes, personal property taxes does not have the requirement that you must be the owner of the property the taxes were paid for. 

Personal property tax is deductible if it is a state or local tax that is:

  • Charged on personal property,
  • Based only on the value of the personal property, and
  • Charged on a yearly basis, even if it is collected more or less than once a year.

A tax that meets the above requirements can be considered charged on personal property even if it is for the exercise of a privilege. For example, a yearly tax based on value qualifies as a personal property tax even if it is called a registration fee and is for the privilege of registering motor vehicles or using them on the highways.

If the tax is partly based on value and partly based on other criteria, it may qualify in part.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
pegmr
New Member

We pay personal property tax on our daughter's vehicle in nebraska, in addition to our vehicles. can we deduct hers also? She lives here and does not itemize

Perfectly clear! thanks so much and God Bless YOU!
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