2007-01-28 06:47:37 · 5 answers · asked by William H 1 in Business & Finance ➔ Taxes ➔ United States
yes, if you are itemizing your deductions on Schedule A, Taxpayers have the option to deduct State and Local Income or State and Local Taxes. This is reported on Line 5 of the schedule A on the dotted line you want to write in Income or Sales tax depending on which you are electing to take.
See Publication 600 or the Schedule A instructions for more information on how to determine what amount you are entitled to per the graft or what you need record wise to take actual expenses from receipts.
2007-01-28 06:54:23 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, you can. However, from what I recall (from my 2005 filing), there is a standard deduction for sales tax. Unless you bought a large item (car, boat, furniture, etc.) it is more likely that the standard deduction is larger than what you would get by adding up routine purchases.
2007-01-28 06:56:19 · answer #2 · answered by The ~Muffin~ Man 6 · 0⤊ 0⤋
Yes. You can itemize if you have receipts or use the table of standard deductions based on your income.
2007-01-28 06:54:18 · answer #3 · answered by TaxGurl 6 · 0⤊ 1⤋
Yes if you itemize. No if you take the standard deduction.
2007-01-28 06:58:04 · answer #4 · answered by Judy 7 · 0⤊ 1⤋
yes you can use publication 600 from the IRS to figure the tax
2007-01-28 06:55:45 · answer #5 · answered by Aviator1013 4 · 0⤊ 1⤋