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Yes, you may be able to deduct property tax, registration fees and sales tax on the purchase.
- Federal Taxes
- Deductions and Credits
- Scroll down to Cars and Other Things You Own - go through Car registration fees and Personal Property tax
- Then, scroll down further to Estimates and Other Taxes Paid and select Sales Tax to enter sales tax paid on the purchase.
Note: Above deductions are part of your itemized deductions. If you don't claim mortgage interest, real estate taxes, your car deductions will not make a difference on your tax return.
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