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June 1, 2019
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Can I use the purchase of a new vehicle as a deduction for 2018 taxes

  • June 1, 2019
  • 1 reply
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I live in Georgia 

Best answer by Vanessa11_2

You can deduct the sales tax paid if you are itemizing your return.  

If it is a vehicle used for self-employment, you deduct the business use portion of interest on your business return.

Otherwise, there is no tax benefit to purchasing a new vehicle.

1 reply

Employee
June 1, 2019

You can deduct the sales tax paid if you are itemizing your return.  

If it is a vehicle used for self-employment, you deduct the business use portion of interest on your business return.

Otherwise, there is no tax benefit to purchasing a new vehicle.

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