Are all the the vehicle license fees deductible on A?
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Unregistered
I've never heard of any state where the entire fee is deductible. Also be careful about assuming that the basic registration fee is the only part that's not. Many areas have other fees such as smog certification that may only apply to certain areas of a state and are not deductible.
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Unregistered
Originally posted by JesseThe fee is deductible if the registration charge is based on the value of the vehicle because then it is a personal property tax. I think Minnesota is another state where the registration fee is based on value. In WI it is based on weight and therefore Not deductible.
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Originally posted by UnregisteredMost states have a basic charge that everybody pays. I have yet to see any state where the entire fee is based on the value.
Anyone out there from MN - I know a few years there was a charge based on value.
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Originally posted by JesseAnyone out there from MN - I know a few years there was a charge based on value.
You'd think that would have changed over the years, but it is still the same it has always been. When Jesse The Body was gov, he managed to get auto fees lowered because he didn't want to have to pay so much for his Porch, or BMW, or whatever car he was driving at the time.
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Unregistered
Personal Property Taxes
In MN, you subtract $35 from the amount shown as tax. Its been $35 ever since I started back in 1982
Pub. 17 page 143
Personal Property Taxes:
Base only on the value of the personal property, and
Charged on a yearly basis, even if it is collected more or less than once a year.
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