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March 20, 2024
Question

Can I claim loss out of pocket 750.00 assessmemt paid ti NYS DMV. Also my Car insurance premuim 7009.30 yearly plus my car paymemt 370.44 monthly?

  • March 20, 2024
  • 1 reply
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I pay out of my pocket personal expenses?

1 reply

March 20, 2024

what is the nature of that assessment? if it's based on the value of the vehicle it would be deductible on schedule A as a tax. if it's a flat fee it's not deductible. your other personal vehicle expenses are not deductible.