Purchased a new vehicle in Michigan and wondering if it is worth it to claim it on my atxes to increase my return. We have state income tax and from the brief research I did I am seeing that it is not worth it but I would like to know for sure. Also wondering If I can claim gas or mileage when commuting to college since I am a student.
You'll need to sign in or create an account to connect with an expert.
Commuting to work or school has never been deductible. As for your car, if you had a whole bunch of other "big ticket" itemized deductions like mortgage interest and property taxes, you might be able to use the sales tax paid on the car on your federal return. But you say you are a student, so that seems unlikely. If you are single, you have a standard deduction of $12,000 that is "tax free."
Commuting to work or school has never been deductible. As for your car, if you had a whole bunch of other "big ticket" itemized deductions like mortgage interest and property taxes, you might be able to use the sales tax paid on the car on your federal return. But you say you are a student, so that seems unlikely. If you are single, you have a standard deduction of $12,000 that is "tax free."
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Christisall77
New Member
tuesdaeknight
New Member
mgc6288
Level 3
jlaveck
Level 2
Maui4
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.