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March 8, 2024
Question

Can I claim taxes paid to my town for my vehicles?

  • March 8, 2024
  • 1 reply
  • 0 views
We are charged yearly taxes on vehicles.

1 reply

March 8, 2024

If it is a tax based on the value of the auto, then yes it's deductible on Schedule A as part of your tax deduction. it won't benefit you if a) your taxes are already over $10,000 (1/2 that if married filing separate) and /or b) you don't have to itemize and your standard deduction is greater than your itemized deduction.

 

a flat tax - doesn't vary with value - is not deductible.