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If you file a Form 1040, and itemize deductions on Schedule A, you have the option of claiming either state and local income taxes or state and local sales taxes. (You can't claim both.) If you saved your receipts throughout the year, you can add up the total amount of sales taxes you actually paid and claim that amount if it is larger than your State & Local income taxes that year.
In most States with an income tax this is rather uncommon, unless you have made some fairly substantial sales taxable purchases and have both a low taxable income and enough expenses to itemize.
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Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
What is the Colorado used car sales tax?
The sales tax for a used car as of 2011 is 7.72%
What is the used car sales tax for Alabama?
The used sales tax for the state of Alabama on a used car is the same as a new car. 2.0% is the state sales tax. There is also city and county sales tax. This varies from each city and county.
Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
Is there a sales tax on a used car in Oklahoma?
What is the sales tax on used cars in Oklahoma
Is sales tax deductable?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is the value added tax deductible as a sales tax on federal income tax returns?
I don't believe that any state has VAT. To answer your question, no VAT is not deductible as Sales Tax on Schedule A of the 1040 Form.
What chariities are there where I can write off my used car as a tax donation?
If you donate a car to the Rawhide Boys Ranch it is tax deductible.
Do you pay sales tax at the car dealership when you buy a used car or do you have to go to the dmv?
As with any sales business, the car dealer must collect the sales tax.
Do you pay sales tax purchasing a used car in Tennessee?
Yes, there is a sales tax on cars in TN. If you purchase your car from a licensed dealer, they will collect the sales tax but if you purchased your car from an individual you will be responsible for the tax when you register your car in your county.
Where can one donate a car to help the blind?
One can donate a car to help the blind at Blind Children's Center Car Donation, or Heritage for the Blind. The donation is tax deductible, and proceeds from sales used by the charity for the stated purpose.
What is the used car sales tax in Arkansas?
If the car is $2500 or less there is no sales tax.----------Actually its 2499, at least in Pope county
