No any vehicle registration fees required in washington state
That’s right, if you itemize your deductions on Schedule A and your registration fee is based on vehicle value (not weight), you can itemize that deduction. This is an often overlooked deduction, but given the value of some vehicles, it could be worth checking into. If you itemize deductions on your federal return, you may deduct a portion of your Minnesota vehicle license fee as personal property tax on your federal Schedule A (Form 1040). The deduction is allowed only for passenger automobiles, pickup trucks and vans. Receive Tax Deduction for WA Registration Fees. The state of Washington does not base registration fees on the value of your car, so you will not receive a deduction for these costs. However, there are some vehicles that require use tax to be paid for registration to be issued, which may be tax deductible. In order to receive the car registration deduction, your state must base its registration fee (or at least partly base it) on vehicle value, as opposed to weight. In other words, the cost must be in the form of a personal property tax, not an excise tax. In order to deduct any taxes or fees, including an auto registration fee, you need to itemize deductions. That means listing the deductions individually on Schedule A, Line 7, and then carrying the total over to your Form 1040. Non-Deductible Fees. If your state charges a registration fee based on the weight of your vehicle, the fee is not deductible. It can only be based on value; if it is based on both value and weight, then only that portion charged on your car's value is The IRS places car-registration fees in the category of a personal property tax, which is deductible under some conditions. You can deduct the fee as along as it is figured as a percentage of your car's value. The higher the value, in these cases, the higher the registration cost, and the more valuable the deduction. Itemizing. In order to deduct any taxes or fees, including an auto registration fee, you need to itemize deductions. That means listing the deductions individually on Schedule A, Line 7, and then carrying the total over to your Form 1040. You can't take the standard deduction and then add registration fees.
http://genxfinance.com/deducting-vehicle-registration-fees-if-you-itemize-your-tax-deductions/ http://www.revenue.state.mn.us/individuals/individ_income/Pages/Deducting_Vehicle_License_Fees.aspx http://www.4dmv.com/wa_regdntitling_register_vehicle.php?state=Washington http://www.dmv.org/articles/tax-deduction-for-vehicle-registration-fees/ http://budgeting.thenest.com/can-deduct-vehicle-registration-fees-federal-tax-return-26974.html http://budgeting.thenest.com/can-deduct-vehicle-registration-fees-federal-tax-return-26974.html http://budgeting.thenest.com/can-deduct-vehicle-registration-fees-federal-tax-return-26974.html http://budgeting.thenest.com/can-deduct-vehicle-registration-fees-federal-tax-return-26974.html
in washington state what fees can i deduct vehicle registration