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Can I deduct back state tax payments on my tax return?
Yes, you can deduct state tax payments on your federal tax return if you itemize your deductions.
Can I deduct state income tax on my federal return?
Yes, you can deduct state income tax on your federal tax return if you itemize your deductions instead of taking the standard deduction.
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.
Can I deduct state taxes paid for the previous year on my tax return?
Yes, you can deduct state taxes paid for the previous year on your tax return if you itemize your deductions instead of taking the standard deduction.
Can you deduct state income tax if you don't itemize your deductions?
No, you cannot deduct state income tax if you don't itemize your deductions.
Can I deduct state taxes from my federal taxes?
Yes, you can deduct state taxes from your federal taxes if you itemize your deductions on your federal tax return.
If you itemize can you claim a personal exemption?
Yes but to itemize you will have use the schedule A of the 1040 income tax return and that does NOT have any affect on your exemptions that are entered on the 1040 federal income tax return page 1.
Can I deduct charitable contributions in 2021 on my tax return?
Yes, you can deduct charitable contributions on your 2021 tax return if you itemize your deductions.
Can you count your tax payment from a previous year's taxes on the current tax form?
If you are talking about your amount paid with your federal tax return, the answer is no. You cannot deduct your previous years federal income tax on your current years tax return. You can deduct on Schedule A the amount paid on your State income tax return if you itemize your taxes.
Is state income tax an optional deduction?
State income tax is generally considered an optional deduction on your federal tax return if you choose to itemize your deductions. Taxpayers can either deduct state and local income taxes or state and local sales taxes, but not both. If you take the standard deduction, you cannot deduct state income tax. Therefore, whether or not it is optional depends on your choice to itemize versus take the standard deduction.
Do you have to itemize on your tax return to claim the sales tax on my new pickup?
If the truck weighs no more than 8500 pounds and it is purchased between 2/17/09 and 12/31/09, you may claim a deduction on your 2009 return when it is filed in early 2010 without itemizing. Otherwise, you would have to itemize and not claim the state income tax deduction.
Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
