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Sorry if this is the wrong forum but I figured some would know here.
Is the NC vehicle tax bill deductible under the personal property tax? For that tax, it is deductible if it is a state or local tax that is:
charged on personal property
Based only on the value of the property, and
Charged on a yearly basis
Since I know I will get the inevitable "ask your CPA", I will be having a CPA do these. I'm just one of those sick people that enjoys doing taxes and likes to check up on their CPA-
Your car tax bill is broken into two parts: the tax based on the value of the car and the $15 (?) road fee or whatever it is. I believe that the tax part is deductible while the flat fee part is not.
If you need more than that I guess you would have to call the tax office for your county?
I live in Durham county. The problem is that my car is a lease so the leasing company pays the tax and then they bill me. I looked online and it's not listed (my wife's car, which we own outright, is).
So, I went online and looked at my past statements and I found the one from September where they charged me for Property Tax. I printed the October statement (that shows that I paid it in September) and I'll use that for my tax records.
Thanks guys!
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