2007-04-18 16:39:55 · 4 answers · asked by mrbatty 1 in Business & Finance ➔ Taxes ➔ United States
YES, only if it is directly applied to business expense, but keep in mind that you are deducting the whole receipt anyway for business.
2007-04-18 16:44:02 · answer #1 · answered by p2ponly 3 · 0⤊ 1⤋
Only if you just want to drive yourself crazy.
NY has a fairly high state income tax, and many locations also have a local income tax, so if you're working, you'd probably be better off taking the state and local income tax option rather than sales tax. And if you're not working or make very little, there's a flat amount you can take for sales tax for your state, income level and family size - if you bought a car, plane, or boat, you can add sales tax on those to the flat amount.
It's possible that you might come up with a higher total if you save all your receipts and add them up, but it's pretty doubtful that any possible extra amount (and that's far from guaranteed) would be worth the effort.
2007-04-19 11:54:23 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If you itemize, you can deduct either the sales tax or the income tax you paid to your state on the federal return. You can save your receipts or take the standard amount on the IRS table based on your income and household size.
2007-04-19 00:51:17 · answer #3 · answered by Amy F 3 · 0⤊ 0⤋
Sales tax is not deductible.
2007-04-18 23:42:21 · answer #4 · answered by charmedchiclet 5 · 0⤊ 1⤋