Write Off Sales Tax

Micas · 12-05-2009, 12:29 AM

Quote:

Originally Posted by jookiyaya

anyone know for maryland taxes?

This is for your federal return, not state. You should know how much you paid in state taxes, and you can deduct it on your federal return. The return instructions should have detailed information on how to complete the deduction.

Of course.. this does not apply to those that simply take the standard deduction. You'd have to itemize.

texmedic · 12-05-2009, 06:32 AM

its been this way in Texas for a while and I luuuuuvvvvv it! I deduct, well what dont I deduct!

Micas · 12-05-2009, 12:21 PM

Quote:

Originally Posted by texmedic

its been this way in Texas for a while and I luuuuuvvvvv it! I deduct, well what dont I deduct!

What's been this way in Texas for a while? Texas has no state income tax, and you've never been able to deduct sales tax from a car purchase on your federal return before.

way2fast · 12-15-2009, 08:51 PM

Quote:

Originally Posted by Micas

What's been this way in Texas for a while? Texas has no state income tax, and you've never been able to deduct sales tax from a car purchase on your federal return before.

Florida also has no state income tax and we are alowed to deduct ALL sales taxes paid during the year. I keep all my receipts and the actual tax paid is always more than what is printed in the tax table especially if a major purchase ...ie auto...was made during the year.

zip159 · 12-06-2009, 12:14 AM

Quote:

Originally Posted by Micas

This is for your federal return, not state. You should know how much you paid in state taxes, and you can deduct it on your federal return. The return instructions should have detailed information on how to complete the deduction.

Of course.. this does not apply to those that simply take the standard deduction. You'd have to itemize.

I think I read somewhere that this applies even to people who do not itemize because it's a line added to the 1040 itself. Not 100% sure though.

dudafunk · 12-06-2009, 11:11 AM

Quote:

Originally Posted by zip159

I think I read somewhere that this applies even to people who do not itemize because it's a line added to the 1040 itself. Not 100% sure though.

Yes that is correct.

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12-05-2009, 06:32 AM	#2 (permalink)
texmedic Base Member Join Date: Jun 2009 Location: Austin Texas Posts: 192 Drives: 09 370Z Rep Power: 16	its been this way in Texas for a while and I luuuuuvvvvv it! I deduct, well what dont I deduct!