Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I bought a new car in November 2007. I know that some registration fees are tax deductible but how to find out it for a new car. All I have is a copy of agreement and I see things like "title tax", "dealer's business license tax", "license fee", "title fee". Do you know is anything deductible.

Arizona has part of the license listed as a "value tax", which decreases every year as the car depreciates. This is a personal property tax on Schedule A. The other parts of the total amount are flat fees which are not deductible.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.