Are the taxes paid on car titles deductible?

Answer The taxes paid on a car title are not tax deductible themselves; however, car and truck registration is deductible on your federal income taxes. Depreciation as well as mileage is also tax deducti... Read More »

Top Q&A For: Are the taxes paid on car titles deductible

Are premiums paid for HSA tax deductible?

Premiums paid for Health Savings Accounts (HSAs) are tax-deductible. To qualify for an HSA, you must be enrolled in a High Deductible Health Plan (HDHP) and not be on Medicare, have any other heal... Read More »

Is Premium Paid on Stock Tax Deductible?

When purchasing shares of stock, the investor typically pays the market value for each share. This amount may be more than the par value, or book value, of an issuer's stock in some cases. The prem... Read More »

Are Paid Lawsuit Damages Tax Deductible?

Damages are a sum of money paid to a plaintiff who wins a civil lawsuit. There are several categories of damages that can be paid at the conclusion of a lawsuit. Certain types of damages are subjec... Read More »

Is Social Security paid tax deductible?

Paid Social Security taxes are not tax deductible unless you are self-employed. If you are self-employed, you can deduct half of the self-employment taxes that you pay, which includes your Social S... Read More »