You'll need to sign in or create an account to connect with an expert.
Yes, if you're itemizing deductions.
The IRS lets you deduct state income taxes OR state sales taxes, but not both.
As for the registration fee, you may deduct the portion that is an annual fee based on the value of your vehicle (that may be 100% of it)
TurboTax will walk you through those questions. Here's how to get there from anywhere within the software:
Click Federal Taxes (top menu)
Click Deductions & Credits (just below top menu)
Scroll down to Estimates and Other Taxes Paid and click Show More
Click Start next to Sales Tax
Hope this helps.
Yes, if you're itemizing deductions.
The IRS lets you deduct state income taxes OR state sales taxes, but not both.
As for the registration fee, you may deduct the portion that is an annual fee based on the value of your vehicle (that may be 100% of it)
TurboTax will walk you through those questions. Here's how to get there from anywhere within the software:
Click Federal Taxes (top menu)
Click Deductions & Credits (just below top menu)
Scroll down to Estimates and Other Taxes Paid and click Show More
Click Start next to Sales Tax
Hope this helps.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mbschwartz56
New Member
CAA_Tanya
New Member
rcresong
New Member
user17804478966
Level 1
MarkH10
Level 1