Are vehicle registration fees tax deductible?

Article ID: 37455  

Question
Are vehicle registration fees tax deductible?

Answer

 

Your motor vehicle registration fees normally consist of several different things, and only the amount representing the tax based on the value of the property is deductible in your tax return.  This deduction can be taken on Federal Schedule A Property Tax line.

 For Example. You paid a yearly fee for the registration of your car. Part of the fee was based on the car's value and part was based on its weight. You can deduct only the part of the fee that was based on the car's value. 


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Views: 1108 Created on: Aug 23, 2013