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Are the road and bridge fees charged on the Colorado vehicle registrations tax deductible?
Wiki User
∙ 13y ago
Yes, but they are already included in your license fee. You will notice on your Colorado Registration/Ownership tax receipt right below the road fee and bridge fee that there is text stating that these fees are already included in your license fee.
Since Colorado annual vehicle registration fee is based upon the value, that amount along with the ownership tax to the left of the license fee is tax deductible on the federal portion of your income tax assuming you registered the vehicle in the state of Colorado for the year that you are wanting to take the deductible to reduce cumulative tax liability.
Wiki User
∙ 13y ago
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What is MPVH on Vehicle Registrations?
Multipurpose vehicle
In an accident if there is no damage to your vehicle but theirs is damaged do you pay a deductible?
No. The deductible only applies to your vehicle.
What is a KGV-681?
Vehicle registrations can begin with KGV-681.
How do you get your name off vehicle registration?
i need vechicle registrations owner
Are vehicle registration fees tax deductible in kansas?
Registration fees are only deductible when based on the value of the vehicle. KS registration is a set amount bsaed on the weight so they are not deductible. Your Property Taxes (paid at the same time) are deductible.
If you hit a parked car and the damage is over your deductible how does that work?
If you hit a parked car, the deductible applies to your vehicle, not the parked car. The other vehicle is covered by your liability coverage and there is no deductible attached. You pay the deductible on the repairs to your vehicle, usually to the shop after the work is completed, the insurance company handles the balance directly.
Do you have to pay your auto deductible if your vehicle is not damaged?
No. You only pay your deductible if you are setting up repairs.
Where can one find a list of all vihicle registrations?
The only place to find vehicle registrations would be through the Department of Motor Vehicles. You can request a vehicle registration through their website as well as in person at any local branch.
Can you make the driver of your vehicle pay you the deductible after the accident if they are at fault?
If they have insurance then you should not have to pay a deductible at all.
Are vehicle registration fees Federal tax deductible?
No
Are vehicle registration fees Michigan State tax deductible?
Yes, vehicle registration fees are tax deductible as they are considered a tax on personal property. However if the car was made before 1984, the registration fees may not be deductible.
If deductible being deducted from settlement value why do they still deduct salvage value?
A deductible is a product of first party vehicle coverage. You are able to choose the amount of that deductible. The higher your deductible, the lower your premium. Remember, insurance is a 'shared risk'; if you choose NO DEDUCTIBLE, your rate will be higher - if you choose a high deductible, your rate will be lower. The salvage value has no relationship to the deductible at all. You will owe your deductible whether your vehicle is repaired or considered a total loss. Your premimums are based on the deductible you chose, so at no time will your company waive that deductible. You are given the choice of the deductible amount when you purchase the policy. The salvage value is not technically deducted, it is actually added back IN, after the vehicle is sold at salvage market. YOU, as policyholder, have the option to 'retain the salvage', that is, retain the vehicle, in which case, the salvage value would REMAIN deducted, i.e., remain 'out of' the settlement value. Deductible: an option given at the time of policy inception; policyholder controls that amount by choosing ... Salvage value: the amount at which the vehicle sells at a salvage auction, unless the policyholder/owner wishes to retain the vehicle (i.e. 'retain the salvage')
