Property tax deduction for non-itemizers??


N

Newsgirl

Hello.

Does anybody here know whether you can write-off car taxes (property
taxes) on federal income tax forms if you take the standard deduction?
I don't have enough write-offs for itemizing to make sense, but I did
pay a pretty hefty car tax bill last year. (Cars are taxed as property
here.) If the answer is yes, where on the 1040 do I account for it?

Thanks in advance to anyone who can help.

-Newsgirl
 
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P

Paul Thomas, CPA

Newsgirl said:
Does anybody here know whether you can write-off car taxes (property
taxes) on federal income tax forms if you take the standard deduction?


For a personal use vehicle - no.



I don't have enough write-offs for itemizing to make sense, but I did
pay a pretty hefty car tax bill last year. (Cars are taxed as property
here.) If the answer is yes, where on the 1040 do I account for it?


For business use, it's another story.
 
P

parrisbraeside

Hello.

Does anybody here know whether you can write-off car taxes (property
taxes) on federal income tax forms if you take the standard deduction?
I don't have enough write-offs for itemizing to make sense, but I did
pay a pretty hefty car tax bill last year. (Cars are taxed as property
here.) If the answer is yes, where on the 1040 do I account for it?

Thanks in advance to anyone who can help.

-Newsgirl
Try itemized deductions... if you were not taking the standardized
deduction. It is personal property tax for the tax portion which isn't
standard for other vehicles. (like based on weight.)
 
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E

Ernie Klein

Newsgirl said:
Hello.

Does anybody here know whether you can write-off car taxes (property
taxes) on federal income tax forms if you take the standard deduction?
I don't have enough write-offs for itemizing to make sense, but I did
pay a pretty hefty car tax bill last year. (Cars are taxed as property
here.) If the answer is yes, where on the 1040 do I account for it?
Nope. The standard deduction 'supposedly' takes thing like property
taxes and other deductions into account for most taxpayers. You don't
get two bites at the apple - it's either the standard deduction or
itemized - not both. Sorry.
 

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