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    gnagpal's Avatar
    gnagpal Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Mar 1, 2007, 01:09 PM
    Car Tax
    Are any of the costs associated with buying a car deductible?
    I just financed a car this year so was wondering if interest, taxes on car, registration etc are deductible?
    heather83's Avatar
    heather83 Posts: 92, Reputation: 4
    Junior Member
    		  
    #2

    Mar 1, 2007, 01:38 PM
    I know for some of that stuff it depends on the state your in, or wherever you car is registered. I'd check with the state or whoever does your taxes just to make sure.
    gnagpal's Avatar
    gnagpal Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Mar 1, 2007, 01:39 PM
    I am located in Queens, NY
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 2, 2007, 12:05 PM
    You can deduct the sales tax as part of claiming sales tax over withheld income tax as an itemized deduction.

    You can claim any property taxes paid on the car when you register it, but, again, it is an itemized deduction.
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