Used Car purchase

Forum|Forum|3 years ago
November 16, 2022
1 reply
8 views

Hello,

Do I get any deductions or credits if i bought a used car this year (first ever car)?

Does it matter if the car is financed?

user17750693608

Level 8

There is no deduction for the purchase of a personal use car with the possible exception of the registration fee and major purchase sales tax if you itemize.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/car-registration-fee-deductible/L0NkGtxYR_US_en_US#:~:text=Yes%2C%20your%20car%20registration%20fee,based%20on%20your%20vehicle's%20value.

Used Car purchase

1 reply

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO