are wv vehicle registration fees tax deductible?
160586
Can I deduct my vehicle taxes paid in West Virginia? The state is not included on the list provided but I do pay taxes on 60% of the assessed value of each vehicle.
1315863
To be able to deduct vehicle registration fees on a federal tax return, some portion of the fees must be based on the value of the vehicle. According to the TurboTax list of states that base their vehicle registration fees on the value of the vehicle, Hawaii is not included so they cannot be deducted.
105324
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. ... Thus, you should not attempt to take a tax deduction for an Oregon vehicle registration.
887144
According to the Missouri Department of Motor Vehicles, Registration fees for passenger vehicles are determined by your vehicle's taxable horsepower. ... Since it's not based on the value of your vehicle, it's not deductible.
210727
No. that is not deductible. It is a fee, not a tax. Fees are not deductible.
980744
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.
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.
39783
Virginia DMV Fees: $40.75 for new license plates – vehicles under 4,000 lbs. $45.75 for new license plates – vehicles over 4,000 lbs. $15 for a title. $17 for electronic filing.
941724
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. It is based on the value of vehicle.
704010
If you pay tolls going to and from your usual place of business, those expenses are not deductible. However, if you go on a business trip, then toll expenses would be deductible. If you have a vehicle you use for business purposes, you could deduct toll expenses even if you only use it for work some of the time.
48197
Annual car registration fees may be deductible on your federal income taxes, but only under certain circumstances. The portion of the registration fee that is charged based on the vehicle's value - as opposed to its size, age or other characteristics - can generally be claimed as a deduction.
934027
Registration (license plate) fees, based on either taxable horsepower or vehicle weight; $6.00 title processing fee; and. $6.00 registration processing fee for a one year registration or $12.00 registration processing fee for a two year registration.
197343
SUMMARY: How to Register Your Vehicle in West Virginia Bring your title, driver's license, completed application form (available below), and payment for your registration fee. New residents to West Virginia should bring your current registration certificate, as well as proof of residency in the state.
224783
The following are registration fees based on your vehicle: 3,000 pounds and under $17. 3,001 to 4,500 pounds $25. 4,501 pounds and over $30.
123351
One can only deduct the tax related portion of a car registration fee based on the value of the car. Unfortunately, PA does not have a personal property tax on autos so you will not be able to take a deduction for your car registration.
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.
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.