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February 22, 2025
Question

Monthly car lease payment included sales/use tax?

  • February 22, 2025
  • 1 reply
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In Florida, my monthly car lease payment includes an entry for "sales/use tax. I'm not exactly sure what that is, how it is computed or if it can be factored into my federal tax return somehow??  Hopefully someone can help?

1 reply

February 22, 2025

Yes, if you itemize your deductions you would include the sales tax from each monthly statement.  Since the monthly lease invoices specifically include a sales tax amount, then you can deduct that amount in the year it is paid

 

This would not count as a "major purchase", so you'd have to calculate your sales tax deduction using the 'Enter All My Receipts' function, not the Easy Guide.

  1. Open your TurboTax Online/Mobile or TurboTax Desktop return:
  2. Search (upper right) > type sales tax > Click the Jump to... link
  3. Continue to enter your sales tax 

                      

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