# Claiming car purchased on your taxes?

**URL:** <https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772>\
**Category:** NYSpeed Off Topic\
**Created:** [February 6, 2014, 11:24am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772 "2014-02-06T11:24:35Z")\
**Posts on this page:** 20\
**Page:** 1

<div class="post-metadata">

**Author:** ![Mr\_T](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mr_t/32/7454_2.png) [@Mr\_T](https://forums.speedlife.net/u/Mr_T)\
**Post date:** [February 6, 2014, 11:24am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/1 "2014-02-06T11:24:35Z")

</div>

So january 28th of 2013 I purchased my 2011 honda cr-z ex that I used to own. I was told by a few people when I bought it, that I was able to claim it on my taxes this year because it was a hybrid. Is this true? Has anyone done this? Any idea or insight? Should i even bother claiming it?

---

<div class="post-metadata">

**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\
**Post date:** [February 6, 2014, 11:29am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/2 "2014-02-06T11:29:29Z")

</div>

No. The only federal credits currently available are for full electric and plug-in hybrids.

[http://www.fueleconomy.gov/feg/taxevb.shtml](http://www.fueleconomy.gov/feg/taxevb.shtml)

You can claim the sales taxes paid if you itemize but often times that isn’t even the most advantageous method.

---

<div class="post-metadata">

**Author:** ![Mr\_T](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mr_t/32/7454_2.png) [@Mr\_T](https://forums.speedlife.net/u/Mr_T)\
**Post date:** [February 6, 2014, 11:36am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/3 "2014-02-06T11:36:16Z")

</div>

> [@SHOtime](#):
>
> No. The only federal credits currently available are for full electric and plug-in hybrids.
> 
> [http://www.fueleconomy.gov/feg/taxevb.shtml](http://www.fueleconomy.gov/feg/taxevb.shtml)
> 
> You can claim the sales taxes paid if you itemize but often times that isn’t even the most advantageous method.

Got ya. that’s more or less what I meant. Being able to claim the sales tax paid on the car lol. How would one be able to do that.

---

<div class="post-metadata">

**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 6, 2014, 11:57am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/4 "2014-02-06T11:57:57Z")

</div>

you cannot claim sales tax on a car purchase in NY.

---

<div class="post-metadata">

**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\
**Post date:** [February 6, 2014, 11:59am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/5 "2014-02-06T11:59:27Z")

</div>

> [@theblue](#):
>
> you cannot claim sales tax on a car purchase in NY.

Also CANNOT claim registration fees in NYS

---

<div class="post-metadata">

**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\
**Post date:** [February 6, 2014, 12:02pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/6 "2014-02-06T12:02:04Z")

</div>

> [@theblue](#):
>
> you cannot claim sales tax on a car purchase in NY.

False. You can choose between sales tax paid or state/local income tax. There are a few scenarios where it does work in NYS although more often than not, state/local income taxes are higher. 2 big purchases in a year could get you there though (for example, car and a boat).

That’s why I mentioned that it usually isn’t the most advantageous method.

---

<div class="post-metadata">

**Author:** ![superfan99](https://avatars.discourse-cdn.com/v4/letter/s/96bed5/32.png) [@superfan99](https://forums.speedlife.net/u/superfan99)\
**Post date:** [February 6, 2014, 12:04pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/7 "2014-02-06T12:04:39Z")

</div>

> [@SHOtime](#):
>
> False. You can choose between sales tax paid or state/local income tax. There are a few scenarios where it does work in NYS although more often than not, state/local income taxes are higher. 2 big purchases in a year could get you there though (for example, car and a boat).
> 
> That’s why I mentioned that it usually isn’t the most advantageous method.

This^

---

<div class="post-metadata">

**Author:** ![Mr\_T](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mr_t/32/7454_2.png) [@Mr\_T](https://forums.speedlife.net/u/Mr_T)\
**Post date:** [February 6, 2014, 12:05pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/8 "2014-02-06T12:05:25Z")

</div>

Turbo tax is showing credits for hybrids and plug in hybrids and saying that you can claim the tax purchase of the car if itemized. Im totally confused here i might just go to eg tax. fml

---

<div class="post-metadata">

**Author:** ![superfan99](https://avatars.discourse-cdn.com/v4/letter/s/96bed5/32.png) [@superfan99](https://forums.speedlife.net/u/superfan99)\
**Post date:** [February 6, 2014, 12:08pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/9 "2014-02-06T12:08:49Z")

</div>

I’m fairly certain that you can only claim the hybrid vehicle tax credit on a new car.

---

<div class="post-metadata">

**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 6, 2014, 12:27pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/10 "2014-02-06T12:27:59Z")

</div>

> [@SHOtime](#):
>
> False. You can choose between sales tax paid or state/local income tax. There are a few scenarios where it does work in NYS although more often than not, state/local income taxes are higher. 2 big purchases in a year could get you there though (for example, car and a boat).
> 
> That’s why I mentioned that it usually isn’t the most advantageous method.

good info, I looked it up and get the impression you have a to spend a LOT relative to your income to make it possible.

---

<div class="post-metadata">

**Author:** ![Mr\_T](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mr_t/32/7454_2.png) [@Mr\_T](https://forums.speedlife.net/u/Mr_T)\
**Post date:** [February 6, 2014, 12:30pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/11 "2014-02-06T12:30:04Z")

</div>

I called eg tax and they said basically I could only write of the tax paid on the car if I itemized my taxes and could only do so if I owned my own home or had kids. Which I do not so I guess its useless to try. ugh that extra $950 would of been nice.

---

<div class="post-metadata">

**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 6, 2014, 12:44pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/12 "2014-02-06T12:44:43Z")

</div>

I would have needed to purchase my EOS like 7 times in 2013 to be able to deduct it.

---

<div class="post-metadata">

**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\
**Post date:** [February 6, 2014, 12:57pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/13 "2014-02-06T12:57:09Z")

</div>

Owning a home isn’t necessary to itemize, just the easiest way to get you over the hump of the standard deduction. That’s a pretty decent link I posted.

---

<div class="post-metadata">

**Author:** ![cretinx](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cretinx/32/6121_2.png) [@cretinx](https://forums.speedlife.net/u/cretinx)\
**Post date:** [February 7, 2014, 6:44am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/14 "2014-02-07T06:44:25Z")

</div>

> [@theblue](#):
>
> you cannot claim sales tax on a car purchase in NY.

> [@ProgRocker](#):
>
> Also CANNOT claim registration fees in NYS

You can if you roll them into your lease payment and take your lease as a business write off.

---

<div class="post-metadata">

**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\
**Post date:** [February 7, 2014, 6:59am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/15 "2014-02-07T06:59:51Z")

</div>

> [@cretinx](#):
>
> You can if you roll them into your lease payment and take your lease as a business write off.

Haha. Many expenses that don’t qualify as a normal Sch A deduction can be tossed in as a business or rental expense. For example, you live in a multi-family house, landscaping is 50% deductible whereas you would receive no tax benefit in a single family home.

---

<div class="post-metadata">

**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\
**Post date:** [February 7, 2014, 7:01am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/16 "2014-02-07T07:01:28Z")

</div>

> [@cretinx](#):
>
> You can if you roll them into your lease payment and take your lease as a business write off.

Ugh, Ok? Pretty sure that’s not the scenario we’re dealing with but whatever.

---

<div class="post-metadata">

**Author:** ![cretinx](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cretinx/32/6121_2.png) [@cretinx](https://forums.speedlife.net/u/cretinx)\
**Post date:** [February 10, 2014, 11:37am UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/17 "2014-02-10T11:37:17Z")

</div>

> [@ProgRocker](#):
>
> Ugh, Ok? Pretty sure that’s not the scenario we’re dealing with but whatever.

Even if not leasing, you could roll them into the financing and claim as business expense if you had a legitimate business.

- 
  - 
    - Updated - - -

> [@SHOtime](#):
>
> Haha. Many expenses that don’t qualify as a normal Sch A deduction can be tossed in as a business or rental expense. For example, you live in a multi-family house, landscaping is 50% deductible whereas you would receive no tax benefit in a single family home.

When I lived in a double I wrote off 50% of  
-heat, electric, water  
-landscaping  
-internet  
-plow  
-mortgage principal (and 100% of mortgage interest)

---

<div class="post-metadata">

**Author:** ![SHOtime](https://avatars.discourse-cdn.com/v4/letter/s/8e8cbc/32.png) [@SHOtime](https://forums.speedlife.net/u/SHOtime)\
**Post date:** [February 10, 2014, 12:00pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/18 "2014-02-10T12:00:38Z")

</div>

> [@cretinx](#):
>
> Even if not leasing, you could roll them into the financing and claim as business expense if you had a legitimate business.
> 
> - 
> - 
> - Updated - - -
> 
> When I lived in a double I wrote off 50% of  
> -heat, electric, water  
> -landscaping  
> -internet  
> -plow  
> -mortgage principal (and 100% of mortgage interest)

Jesus, for someone who seems to have a working tax knowledge, writing off mortgage principal seems to be a rather blatant error/fraud. Mortgage interest and taxes should be split between Sch A and Sch E.

All the other items handled are proper as long as the property had shared heat/electric/water.

---

<div class="post-metadata">

**Author:** ![slo\_ride](https://avatars.discourse-cdn.com/v4/letter/s/49beb7/32.png) [@slo\_ride](https://forums.speedlife.net/u/slo_ride)\
**Post date:** [February 10, 2014, 12:14pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/19 "2014-02-10T12:14:47Z")

</div>

…I write off my mortgage principal as a rental expense…it’s housing for the super right?

---

<div class="post-metadata">

**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [February 10, 2014, 1:05pm UTC](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772/20 "2014-02-10T13:05:53Z")

</div>

LOL, only if the super pays rent?

[Next page](https://forums.speedlife.net/t/claiming-car-purchased-on-your-taxes/234772.md?page=2)
