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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

54.0. "Auto Tax Deductions ?" by PCCAD1::RICHARDJ (Bluegrass,Music of Perfekchun) Tue Feb 11 1992 13:22

    I hope this is the right place to ask this ? If not, just ignore
    it.
    
      Is the sales tax that you pay when you register a new automobile
      now deductible ?

     If you read the instruction book on "other personal property tax
     deductions" for schedula A, it seems like it could be.


    Thanks 
    Jim

T.R	Title	User	Personal Name	Date	Lines
54.1		NOTIME::SACKS	Gerald Sacks ZKO2-3/N30 DTN:381-2085	`Wed Feb 12 1992 13:43`	1
	No. Hasn't been since the mid-1980's.
54.2		DECWET::CBRNT::decwet::colgate	PC central	`Wed Feb 12 1992 19:26`	7
	There is a difference between sales tax and protperty excise tax. The sales tax (a one time charge) at purchase is not deductible. The property excise tax (part of registration, usually) is deductible. Wim
54.3	the usual qualification	CSSE::NEILSEN	Wally Neilsen-Steinhardt	`Fri Feb 14 1992 16:46`	5
	.2> The property excise tax (part of registration, usually) is deductible. That depends on several things, so it varies by geography. I don't remember the details, but it depends on whether the tax varies with value or not. So you may need to look it up.
54.4		DECWET::CBRNT::decwet::colgate	PC central	`Fri Feb 14 1992 18:38`	7
	.-1 may be correct. Here in WA, car registration has about 4 different charges. One of them (the lions share) is an excise tax based on the cars value. In my case, this is the charge which IS deductible. Wim