What is personal property tax? Do I qualify for a personal property tax deduction?
Personal property tax is an excise tax based on the value of the items that are mobile, such as vehicles and boats. You may qualify for a personal property tax deduction on your state and local taxes if the tax meets all of these requirements:
- In proportion to the value of the property
- Imposed on an annual basis, even if collected more or less than once per year
- Imposed on personal property
Learn about the tax implications of prepaid mortgage interest and real estate taxes to determine if you can deduct them or not from the tax experts at
Can you get a tax deduction for clothes or tools you purchase for use at your job? Learn more from the tax experts at H&R Block.
Do you qualify for a North Carolina Extra Credit Grant? Find eligibility requirements and information about amendments that may be needed to receive funds.
Can you claim a child as a dependent if you are married filing separately? Learn more from the tax experts at H&R Block.