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Which of the following taxes will not qualify as an itemized deduction? Personal property taxes assessed...

Which of the following taxes will not qualify as an itemized deduction?

  • Personal property taxes assessed on the value of specific property.

  • State, local, and foreign income taxes.

  • Real estate taxes on a residence.

  • Gasoline taxes on personal travel.

  • None of the choices qualify as an itemized deduction.

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Answer #1

The following taxes will not qualify as an itemized deduction:-

d) Gasoline taxes on personal travel.

Travel expenses deduction is only available on business travel and not personal travel

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