0
A new vehicle that was purchased after February 16, 2009.
Go to www.irs.gov and use the search box for SCHEDULE L Standard Deduction for Certain Filers
File this form only if you are increasing your standard deduction by certain state or local real estate taxes, new motor vehicle taxes,
Or a net disaster loss it may be better for you to itemize your deductions instead. See the Instructions for Schedule A (Form 1040).
I find the above confusing and offpoint.
Auto taxes - as in registration and MVD type charges are NOT tax deductible.
Sales taxes, on anything, not just cars, boats, planes, etc MAY be deducted in certain circumstances (basically intended for residents of states where there is no Income tax (which is deductible) and that tax is essentially replaced by a higher and more broad based sales tax).
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
Are payroll taxes at a corporate level deductible on Federal form 1120?
All state and local taxes as well as FEDERAL PAYROLL TAXES are deductible when incurred on property or income relating to business. But, FEDERAL INCOME TAXES are not deductible. and Yea they are deductible on form 1120. Hope tht helps!
Are federal taxes deductible on state taxes?
It depends on the state. For example in California the answer is no yet in Iowa the answer is yes.
Can NYC tax withholding be claimed on my tax returns?
If you itemize on your federal income tax return, City and State income taxes paid are deductible on your return.
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
Are payroll taxes at a corporate level deductible on Federal form 1120?
All state and local taxes as well as FEDERAL PAYROLL TAXES are deductible when incurred on property or income relating to business. But, FEDERAL INCOME TAXES are not deductible. and Yea they are deductible on form 1120. Hope tht helps!
Are federal taxes deductible on state taxes?
It depends on the state. For example in California the answer is no yet in Iowa the answer is yes.
Can NYC tax withholding be claimed on my tax returns?
If you itemize on your federal income tax return, City and State income taxes paid are deductible on your return.
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
Is there a Federal deduction for state back tax payments?
State income taxes are deductible from Federal taxable income in the year they are paid, regardless of when they were due.
Are state income tax payments deductible on federal form 1120?
State income taxes are deductible on the Federal Form 1120. Other deductions include repairs, interest, and depreciation for homeowners filing Form 1120.
Are state income payments deductible on federal taxes for corporations?
Yes, (and individuals). For Corps it is the amount paid (not accrued).
Is paying rent tax deductible?
No, not for Federal taxes.
Is an unpaid personal loan deductible from federal taxes?
NO
What types of taxes paid are not allowable deductions on your tax return?
Federal income taxes are not deductible on your federal or state income tax return. http://small-business-tax-info.com
