The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/the-tax-experts-here-may-be-able-to-give-you-a-26425648.aspx

Subject:  Re: new car deductions Date:  2/28/2008  10:55 AM
Author:  DeltaOne81 Number:  99127 of 126324

The tax experts here may be able to give you a more complete answer, but as I understand it, no. The only things that *are* tax deductible are Vehicle annual fees/taxes that are based on the value of the vehicle.

I.e. If the fee is a flat fee for every car, no go. If it varies based on the value of the car, then it should be deductible. A Google search or two may help turn up information about your state.
Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us