are vehicle registration fees tax deductible in iowa?
1578
If you itemize deductions, a portion of the automobile or multipurpose vehicle annual registration fee you paid in 2019 may be deducted as personal property tax on your Iowa Schedule A, line 6, and federal form 1040, Schedule A, line 5c. ... This deduction applies only to the annual vehicle registration fee.
681351
A portion of Indiana's vehicle registration fees are tax deductible; but this amount is actually called an "excise" tax, and not a "property" tax. ... The IRS only allows that portion of a state registration fee that is based on the value of the vehicle to be included toward your other itemized deductions.
1156217
Hi, If your car is registered in NY and you paid the registration fee in NY then your fees are not deductible. ... You can only deduct if you paid the fee in the states that have value-based registration fees.
777428
There is no Illinois car registration fee tax deduction, for instance, because you pay a set fee of just over $100 to renew your tags each year, rather than paying a tax on the vehicle itself.
958807
For qualifying automobiles and multipurpose vehicles (model year 2006 or older) the deductible amount is 60% of the annual registration fees paid in 2017. Line 7: Enter other taxes as allowed on federal Schedule A. Other taxes you paid are taxes not included on lines 5 or 6. List the tax paid and the total amount.
53253
Depending on your state, it might not be apparent whether a portion of your car registration is value-based or how to identify what portion of the fee qualifies for the deductions. ... In Texas, on the other hand, no portion of the registration fee is based on car value, so you can't deduct anything.
320092
The legal reasoning for deducting the RTA tax is as follows. The IRS only allows that portion of a state registration fee that is based on the value of the vehicle to be included toward your other itemized deductions. Any flat fee portion doesn't count.
355691
Yes, if it's a yearly fee based on the value of your vehicle and you itemize your deductions. You can't deduct the total amount you paid, only the portion of the fee that's based on your vehicle's value. And, not all states have value-based registration fees.
422826
The short answer to your question is that, in Nevada, you can deduct the "Governmental Services Tax" and the "Supplemental Governmental Services Tax" portion of your vehicle registration fees. ... In general, there is no actual tax deduction for vehicle registration fees on a personal tax return.
195394
In Virginia: Personal property taxes are deductible because they are ad valorem taxes (based on value). Vehicle registration fees are not deductible because they are determined by the weight of the vehicle.
1225424
What portion(s) of the Arizona Vehicle Registration is deductible? ... The total amount of your registration fee is not deductible, just the portion that the state charged you for taxes based on the value of your vehicle. According to the link below, you would use the amount listed for the Vehicle License Tax.
210727
No. that is not deductible. It is a fee, not a tax. Fees are not deductible.
840937
Car registration fees are not deductible in NJ, but sales tax can be deducted on your federal return. You have the option of claiming either general state/local sales taxes OR state/local income tax.
742756
Vehicle registration fees must be based on the market value of the vehicle, and not on some other measure, in order for them to be tax-deductible. This is not true in Kansas, so a Kansas registration fee is not deductible, either in whole or in part.
186201
To deduct the value-based portion of your registration fee, you must itemize your deductions using IRS Form Schedule A. Car fees go on the line for "personal property taxes." ... Nevertheless, if the fee is value-based and assessed on a yearly basis, the IRS considers it a deductible personal property tax.
749008
The Internal Revenue Service (IRS) allows a car buyer to deduct part of the Indiana vehicle registration fee. The buyer deducts the county tax portion of the registration fee that he paid to the Department of Motor Vehicles. The buyer itemizes the deduction on Schedule A of federal tax form 1040.
423534
Each passenger vehicle starts with a $10 administrative fee in addition to a $6 filing fee for renewals. In some counties, there's also a local wheelage tax that can be up to $20. In Hennepin County, it's $10 and in Ramsey County, it's $20.