Iowa Vehicle Registration Fee Deduction

Article ID: 33443  

Question
Iowa Vehicle Registration Fee Deduction

Answer

If you itemize deductions, a portion of the annual automobile registration fee you paid may be deducted as personal property tax on your Iowa Schedule A, line 6, and federal Schedule A, line 8. This deduction is for annual registration fees paid based on the value of qualifying automobiles and multipurpose vehicles. Multipurpose vehicles are defined as motor vehicles designed to carry not more than 10 people, and constructed either on a truck chassis or with special features for occasional off-road operation [Iowa Code section 321.1(44)].

Annual registration fees on the following vehicles are not deductible: pickups (model year 2009 or older), motor trucks, work vans, ambulances, hearses, non-passenger-carrying vans, campers, motorcycles, or motor bikes. See Expanded Instructions online for additional details, including information about model year 2010 and newer pickups.


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Views: 1500 Created on: Jun 15, 2013