Yes. Current tax law permits you to choose between deducting state and local taxes and deducting sales taxes if you itemize deductions on your income tax return. When you calculate sales taxes, you are permitted a table amount based on your income plus the sales tax on certain specified items such as:
Note: These definitions may change from year to year.
No. But if you live in one of the states that allows a state deduction for federal taxes and you took such a deduction, you may have to claim it on your state return.
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Certainly, if you have 4 dependent kids (not kids who have grown up and moved out) you are free to claim them on your tax return, and should do so.
Yes. State refund must be claimed as income on your federal return.
if you have an unisured loss - document and determine if it would be worthwhile to claim as a loss on your federal tax return
No, the state will accept only dependants listed on your federal return
NO. Rent or living expenses for a student would NOT be deductible on the federal 1040 income tax return.
only if they being used for live stock business
THIS DEDUCTION ON YOUR TAXES will have to entered on the correct form or line of your 1040 federal income tax return before your income tax return can be completed correctly.
Form 941 - Employer's Quarterly Federal Tax ReturnForm 720 - Quarterly Federal Excise TaxReturn941-X - Adjusted Employer's Quarterly Federal TaxReturn or claim for Refund
Yes. And if you pay more in sales taxes than state income taxes, you can use that
That can vary from state to state and also depends on Companies policy so you had better check carefully and quickly before more time passes before making your claim.