New Car Tax Breaks

[Andreea12]

Are there any tax breaks for purchasing a new car? It's not electric. If so, what form do I use or how do I navigate to that in TT? Thanks!

[KatherineS63]

Hello,

The only way that you might get a 'tax break' on a purchase of a new car would be if you were self employed.  

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

or if you want to claim the sales tax paid for that vehicle, you could do that too. 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-sales-tax...

Otherwise, I am not aware of any tax credits.  The EV credit is the way to go at the present time but only if you buy and EV.

Hope you are having a wonderful day!!