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Question for the bean counters, RE: registration

  1. #1
    Everybody to the limit!
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    Question for the bean counters, RE: registration


    I'm doing my taxes early this year, as I believe I've got a bit to pay. My question is, can the entirety of vehicle registration cost be deducted from your income for the purposes of filing a federal income return, or is it only the town's assessment? I've heard that it might be only the town's portion as it is based on value where the state's portion is based on weight, but I'm not sure why that would matter.

    Thanks!

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  2. #2
    Freak Posting snowborder's Avatar
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    Question for the bean counters, RE: registration

    on the town portion. Also if your going to pay..... why not file on April 14th?

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    2001 RC51!!!
    2007 Husky SMR 510 - no longer... blown tranny

  3. #3
    Everybody to the limit!
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    Question for the bean counters, RE: registration

    Originally posted by snowborder
    on the town portion. Also if your going to pay..... why not file on April 14th?
    Ahh, I should have said, I'm *calculating* my taxes early, in the hopes that the extra four months might give me enough time to devise an effective plan to weasel out of paying any more taxes.

    Thanks for the response, so town only, allright. Any other hidden deductions other than property taxes, interest payments, charitable contributions, unreimbursed medical expenses? I know, I'm reaching.

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  4. #4
    IWOK Prez. bigred875's Avatar
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    Question for the bean counters, RE: registration

    mileage...

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    Quote Originally Posted by ThisBitch View Post
    From my experience, its the natural red heads (aka gingers) that have no soul--- I mean are crazy.

  5. #5
    Everybody to the limit!
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    Question for the bean counters, RE: registration

    Originally posted by bigred875
    mileage...
    Ya, only employment-related mileage though, and only if it's not reimbursed. It is, so I can't.

    Thanks tho!

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  6. #6
    IWOK Prez. bigred875's Avatar
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    Question for the bean counters, RE: registration

    bummer..lol

    you can donate up to $500 to your favorite charity and write it off with out a recepit

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    Quote Originally Posted by ThisBitch View Post
    From my experience, its the natural red heads (aka gingers) that have no soul--- I mean are crazy.

  7. #7
    mtn biking season! skiierx's Avatar
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    Question for the bean counters, RE: registration

    Better hope you paid 90% of your taxes!! If you are more than 10% short you will have to pay penalties!! SO better start thinking up some more deductions!

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