I am looking to file my taxes and I have a question. One of my co-workers told me that he was told (i know it sounds funny) that he can claim car credit on his taxes. Now he does not have a small business or anything like that, he uses his car just to go to work and we work in the office environment so I am not sure how can u claim car . So can you in any way claim you car credit if you are using you car to go to work like most of the people?
Can you claim you car credit?
No, commuting to work isn%26#039;t deductible. If he was told that it was, he was told wrong.
There are a couple things about your car you might be able to claim if you itemize. On the purchase, if you deduct sales tax rather than state and local income tax, you can deduct the sales tax. If your state has a personal property tax on cars with your license plate renewals, you can deduct the personal property tax part of the renewal fee.
Can you claim you car credit?
Do you mean do you claim the interest on your car loan? No.
If you%26#039;re just driving to and from work, no you can%26#039;t claim mileage or anything. There are very specific guidelines on when you%26#039;re allowed that expense.
go to irs.gov and look for the info.
Can you claim you car credit?
Hybrid car and alternative fuel vehicle credit. If you bought an overpriced vehicle, you could get a credit to help with the cost of the technology.
Sales tax on buying the car. Part of schedule A.
Tag fees if based on value of car. Part of scedule A.
Can you claim you car credit?
Please fill me as well. I have been paying taxes for over thirty years and I have not found a way. Is your friend using his car for business purposes? Did your friend buy a hybrid car? Other than those two things, I do not know how you friend can get %26quot;Car credit%26quot;.
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