What is the deductible portion of a vehicle registration fee?
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In Indiana and other states, you can deduct the vehicle registration fees that are based on your vehicle's value.
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Answer:
The registration fee based on the value of your vehicle is a "personal property tax" and is deducted accordingly. The state will refer to it as an "ad valorem tax" or a "vehicle excise tax" depending on the state.
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Other answers
Yes, you can deduct the portion based on the value of your car. This is normally called "ad volerum". Put this on Schedule A in the tax section. Fill in ad volerum and then the amount.
RobertB
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