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January 26, 2021
Question

Georgia AD Valorem tax

  • January 26, 2021
  • 1 reply
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Can I deduct my new 2020 Ad Valorem tax on my two new cars in 2020? And I can were do I do this on the Federal tax form,

 

Thanks

    1 reply

    January 26, 2021

    Ad valorem tax can only be deducted as an itemized deduction on Schedule A if it is imposed on the value of the vehicle on an annual basis.  If the tax you paid was a one-time tax, it is not deductible.  

     

    The title ad valorem tax in Georgia is only imposed when the vehicle is titled.  It is not an annual tax.

     

    There are only certain states that charge an annual tax on a vehicle.  Georgia is not one of those.

     

    Take a look at the following TurboTax article for more information:  Is my car registration fee deductible?

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