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You are here: Home / Archives for vehicle taxes

vehicle taxes

February 18, 2014 By

Most forgotten deduction to date

Vehicle taxes are the most frequently missing deduction from personal tax information provided to us. At the beginning of 2013 and for many years before, the cities and counties in NC billed and collected personal property taxes on vehicles. Starting in September 2013, when a license plate renewed the NC Department of Revenue billed the vehicle property taxes with the license renewal.

Many NC counties make the amount of vehicle tax paid available on their websites. The taxes paid to DMV are not showing up consistently there so we cannot look up the taxes. Please check to see if DMV billed vehicle property taxes with your license renewal. The license is not a tax and is listed separately on the bill.

Including the vehicle taxes paid to NC DMV not only saves you having to run down the information later when we contact you, but it also saves you some tax preparation fee as it saves us time.

You can read DMV’s page about the change to vehicle property tax billing on their website.

Blog post corrected start date to September, the original July start date was postponed.

Image by Modrak at en.wikipedia (Original text: Ondra “modrak” Soukup) [CC-BY-3.0 (http://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons

Filed Under: Tax Tagged With: Tax deductions, vehicle taxes

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Edmundson CPA, PLLC

102 Commonwealth Court
Suite J,
Cary, NC 27511-4437
Phone: (919) 460-9966
Fax: (919) 380-0010
Email: info@nccpa.com

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Edmundson CPA, PLLC

102 Commonwealth Court
Suite J,
Cary, NC 27511-4437
Phone: (919) 460-9966
Email: info@nccpa.com

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