I am planning to buy a car. If I buy it before filing taxes for this year, can I include it in my tax return for deductibles?

[MollsBBU · Accepted solution]

No, if the purchase wasn't made in 2016, it cannot be included on 2016's taxes. However, save your paperwork for when you file for 2017.

A vehicle purchase could potentially give you the following tax breaks:

• Sales tax deduction
• Vehicle registration fee deduction
• Electric Drive Motor Vehicle tax credit