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Used Car purchase

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?

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1 Reply

Used Car purchase

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-....

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