can i deduct rta tax?
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.
1417437
Yes. In North Carolina, you can deduct the Vehicle Property Tax you paid on your vehicles. You can enter this expense under Deductions and Credits, in the section Cars and Other Things That You Own.
658234
yes - the 6% tax fee is the fee to use; to be deductible, the tax portion must be based on the value of the vehicle and be charged on a yearly basis. Registration, administrative, or emission testing fees, or tag or plate fees are not deductible for federal purposes.
54483
Fortunately, the IRS said tax deductions for business-related meals has not been eliminated by the TCJA (IRS Notice 2018-76). You can deduct 50 percent of meal and beverage costs as a business expense. This applies if the meals are “ordinary and necessary” and incurred in the course of business.
1058963
The cost of getting to and from work is not tax-deductible. Taking a bus, subway, taxi or driving your own vehicle to work is a personal expense, regardless of how far you have to travel. ... You also can deduct transportation expenses between your home and a temporary job that is expected to last one year or less.
1224730
Vehicle expenses. You can also write off your CAA membership or toll road fees - unfortunately, traffic tickets aren't tax deductible!
437920
No, excise taxes are not deductible as sales tax; however, some state excise tax is deductible as personal property tax on Schedule A, itemized deductions, in place of car registration fees.
1300359
['Retail Sales Tax.', 'Motor Vehicle Sales/Lease Tax of 0.3%', 'Retailing business and occupation (B&O) Tax – the small business B&O tax credit may apply.']
553659
The IRS also allows you to deduct the cost of tolls incurred during business trips. ... Remember, you cannot deduct the parking fees you pay to park your car at your place of work. This is considered a nondeductible commuting expense. One potential way around this is to have a qualifying home office.
135511
You can deduct the full amount of allowable expenses for the car (for the portion of time you used the vehicle for business purposes). ... and drove 10,000 miles for business out of 20,000 miles total for the year, your deduction for vehicle expenses would be $2,500.
1332724
Additional Vehicle Use Deductions: In addition to the standard mileage rates, you may deduct the costs of tolls and parking while using your vehicle for one of the approved purposes. ... However, if you have claimed vehicle depreciation, you may not deduct tolls and parking fees.
931634
Subscriptions to trade unions and other comparable bodies are not deductible under Section 336 ITEPA 2003, even where membership is required by the employer. The expense is not incurred in the performance of the duties, see EIM31650.
486139
A trader who buys an option will generally be able to claim a tax deduction at the time when the premium becomes due and payable8. If the option lapses, there will be no further tax impact.
693267
You can claim a deduction for your CFD loss against your other income. The only exception to this would be if you are in business of CFD trading, as you would also need to consider the application of the non-commercial loss rules to you.
1414072
If you pay parking fees as part your commuting, they are considered personal and are not tax deductible. And - you must itemize your deductions in order to even see a tax benefit.
20599
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. If part of your registration is indeed deductible, you must itemize your deductions to claim it, rather than using the standard deduction.
1067383
Unfortunately, you cannot deduct the federal taxes you paid. However, you can deduct state taxes as an itemized deduction on Schedule A.