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Employee
June 1, 2019
Question

I leased a car and paid $3000 as a down payment. Can I add that? Can I also add vacation expenses?

  • June 1, 2019
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1 reply

Employee
June 1, 2019

None of these expenses are deductible on your tax return. If you paid sales tax on the lease, you may be able to deduct the sales tax as a major purchase in the sales tax deduction section. Sales taxes are an itemized deduction and can only be deducted in place of state income taxes. You only get a tax benefit if the total of all your itemized deductions is more than the standard deduction.