Can you deduct the Arizona Vehicle License tax from state income tax liability?
824654
The general rule for deduction of vehicle tag expenses are as follows:  If the license cost is for registration costs only...then you can't deduct the cost.  If the license cost includes a registration cost and a cost relating to the value of the vehicle...the amount of the license cost that relates to the value of the vehicle is deductible on Schedule A of your federal income tax return.   For example, the tag cost for Oklahoma tags is for registration only...therefore their cost is not deductible.  The cost for tags in Nevada includes registration plus Privilege tax and even Special Privilege tax.  The Privilege tax and Special Privilege tax both are determined by the relative value of your automobile...and are therefore deductible on Schedule A.
373867
You have to foot the bill with your insurance company.  The best you can do is file a "request for restitution" for the amount of your deductable if someone is charged later for the offense.
487326
no, but you can deduct a flat amount per mile....
394239
If the tax was considered state witholdings then it can be deducted on sch A of your federal return. If you do not itemize deductions then there is no other way for you to deduct the tax on your federal return.
902580
No, there's a special law to allow deduction of home mortgage interest, but it doesn't allow you to deduct other personal interest like car payments or leases, unless you have a business and the car is used for your business.
238570
Probably, but it depends on which state you're in. Go to http://www.dmv.org and find your state.
889113
Think of it this way, insurance settlements arre usually reimbursements for money that you have already spent repairing or replacing items that were damaged, lost or stolen.  Usually this money is not taxable.  If however you sue an insurance company and receive money above and beyond what it cost to repair or replace property, i.e. punitive damages, the amount in punitive damages would be taxable.\n\nIf you receive money and loan it to someone else, it is assumed to be your money of which you can do whatever you want you may claim it as a nonbusiness bad debt deduction.  However in order to deduct it off your taxes - you woud have to 1099 the borrower for the forgiveness of the debt.  This person would then add that amount that amount as ataxable income to thier return.
939842
Do you mean a furnace in your own home?  That is not deductible currently.  however, if you make a large gain on the sale of the home ($500,000 if you are married filing jointly or $250,000 otherwise) it can form part of the basis.\n\nIf you are talking about rental property or in a property you use for business purposes it is a depreciable asset.
193234
if you were deducting expenses or depreciation for the car on your tax return, then yes.\n\nif you are in a trade or business of selling cars, then yes.\n\nif it is just a sale of your personal vehicle, no.
44926
Yes.  You can deduct some of your tuition from your AGI, unless your parents are paying for you. If you are already paying on student loans, you can also decuct the interest from your adjusted gross income (AGI).
133338
depends on what method you choose and what kind of machinery. also if you take additional first year depreciation.\n\nsee irs.gov
261140
keep in mind you now will have taxable income personally. you should write up a formal lease agreement. on the books of the business you can just deduct it as a auto/truck expense as long as your lease is set up to NOT convey ownership of the truck to the business.  i am assuming you are incorporated. if it is a sole proprietorship, forgot all of this. pay all of the expense out of the business. technically if part of the truck is used personally, you have to adjust for that by reimbursement or a journal entry to some kind of receivable from officer/owner.
751330
im assuming youre talking about the sales tax added to each monthly payment.  if so, you are NOT allowed to deduct this amount as an itemized deduction on schedule A.\n\nfor 2006 you are no longer allowed to deduct sales tax instead of state and local taxes paid.\n\nthe only taxes you are allowed to deduct are real estate taxes, state and local taxes paid and foreign tax.
210271
The only legal fees you can deduct from your taxes are fees pertaining to taxes and legal fees for your business if you have one. So the answer is no.
1033915
Arizona Sales Tax\nArizona sales tax rates are 6.3 percent. Currently, all fifteen counties levy a tax in addition to the state tax. Incorporated municipalities also levy transaction privilege taxes which are generally in the range of 1% to 3%. Hotel and taxi services have additional taxes charged. \n\nThe state of Arizona does not levy a state tax on food for home consumption but some cities in Arizona do so. \n\nThe State of Arizona does not charge a tax on drugs prescribed by a licensed physician or dentist. \n\nhttp://phoenix.about.com/cs/govt/a/ArizonaTax.htm
143819
If you itemize your deductions, then your state taxes are deductible from your federal taxes.  Other common large deductions include real estate or property tax, interest on home mortgages, and (if you don't make too much money) the interest on student loans.
95181
Yes, if insurance didnt cover all of it.  You have to itemize to claim it.  Use form 4684 and Schedule A.  After you figure your loss you have to reduce it by $100 and then reduce it again by 10 percent of your Adjusted Gross Income.  Refer to IRS Publication 547