Reminder: you may be able to deduct the sales tax paid on your 4Runner purchase (US federal income taxes)

[roadtripping_ridgebacks]

This post applies to people in the US who:

• Purchased their 4Runner in 2025, and
• Are itemizing deductions on their 2025 federal income taxes

If you take the standard deduction, disregard.

The sales tax you paid on the 4Runner purchase can be factored into the State and Local Tax (SALT) deduction.

When itemizing, you need to choose between deducting state income taxes or general sales tax paid during the year. If you choose the general sales tax, the sales tax you paid on the 4Runner purchase falls into that category. I live in a state with no state income tax, making it easy to "choose" the general sales tax option.

References:

• "Taxes You Paid" section of Schedule A (PDF download), line item 5a
• SALT Deduction overview (NerdWallet)

Please note I am not an accountant and you need to consider this information in the context of your personal tax situation. But if you didn't know this already, dig up the sales receipt from your car to have handy when you file your taxes!

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[2222CareBearStare]

Doesn't that only apply to vehicles with a final assembly location within the US? I thought all 4runners were assembled in Japan, so they wouldn't qualify.

 

[stephbm6]

Doesn't that only apply to vehicles with a final assembly location within the US? I thought all 4runners were assembled in Japan, so they wouldn't qualify.

4Runner doesn't qualify, it's made in Japan.

Took this right from the IRS website.

"Qualified vehicle: A qualified vehicle is a car, minivan, van, SUV, pick-up truck or motorcycle, with a gross vehicle weight rating of less than 14,000 pounds, and that has undergone final assembly in the United States."

 

[Wahoo]

The OP is talking about the SALT deduction. The two responses are talking about loan interest deduction.

 

[roadtripping_ridgebacks]

The "No Tax on Car Loan Interest" deduction is different from itemizing, and deducting, state and local general sales taxes.

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