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March 28, 2021
Question

Can I claim car payments? My car was totaled and I had to purchase a car in 2020. Can car payments be dedudcted?

  • March 28, 2021
  • 1 reply
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Newer car was valued at $5,900.00. Sales tax brought it to $6,699.68. Is any of this deductable?

1 reply

March 28, 2021

since it seems you get a w-2, the deduction for job expenses has been eliminated. the deduction for casualty losses has also been eliminated in most cases, conclusion.  only the sale tax paid for the new vehicle would be deductible but you need to itemize.